How Can I Do a Bank Wire Transfer?
A wire transfer is a method for transferring funds to another person’s bank account. This transaction can be made from your primary checking account to that of the recipient, or by giving the financial institution cash. There is typically a charge for receiving a wire transfer and sending a wire transfer. Typically, the charge to send international wire transfers is the highest; however, fees vary depending on the financial institution you use. Before completing a bank wire transfer, it helps to have a few tips.Gather the Required InformationThe first step in conducting a wire transfer is gathering the necessary information. Get the full name of the person receiving the funds (as it appears on the bank account). A bank account number and routing number will also be needed for the payee.Contact Your BankOne way to wire money is by using your primary financial institution (where you have a checking account). In most cases, they’ll charge a small fee compared with an outside institution.
