How Do You Make A Bank Wire Transfer?
Wire transfers are used to transfer funds through an electronic payment service. Sometimes, companies make wire transfers to quickly pay suppliers. The process requires a small amount of paper work. Wire transfers involve transferring money from a company’s bank account into the supplier’s bank account. The funds are available within a few minutes after the process is initiated. Get recipient information. Get documentation from the intended recipient that contains his name, company name, company address, bank account number and routing number. Acquire the information via fax. If a mistake is made, the fax will prove that the information was supplied by the recipient. Inform the bank officer that you would like to make a wire transfer. If you have never sent a wire transfer, it is best to go to the bank to complete the first wire transfer transaction. Future transactions can be initiated via fax or though an online banking system. Provide your banking account information. Expect the ban
