Bank Wire Transfer

Bank Wire Transfer is a process of transferring money from one institution or person to another. A wire transfer is commonly practiced in cases of transferring money from one bank account to other bank account. It can also be done by depositing money in cash at a cash office which then transfer the money at the requested bank account using wire transfer.
Bank wire transfer is a sort of electronic payment system that authorizes the bank to wire funds from customer’s account to another bank’s account.