2007-08-12 17:20:29 · 5 answers · asked by bryan_hrwd 1 in Business & Finance ➔ Personal Finance
It is a way of transferring money.
Basically it refers to the fact the transaction was sent by telegraph or wire.
Western Union and many banks can "wire" money.
Personally I have never done this, as there are ways of doing direct deposits using online banking (which as far as I know is different to bank wires, but I may be wrong).
Basically, if you know the account you want to send money to, go to the bank and ask how to send the money.
2007-08-12 17:27:24 · answer #1 · answered by flingebunt 7 · 0⤊ 0⤋
The kind of wire they use in banks. ;)
I think you are asking about a way of transferring money. I use a wire transfer to my bank account when I sell stocks. It costs a lot more than getting a check, but it gets there safely and quickly.
2007-08-12 17:25:44 · answer #2 · answered by sneezewhiz 6 · 0⤊ 0⤋
It is where the bank or a Western Union wire transfers the money for you to a particular destination thereby guaranteeing the funds for the transaction. Normally, there is a set fee for this transaction.
2007-08-12 17:30:13 · answer #3 · answered by PLzHeLPMe 3 · 0⤊ 0⤋
this term go back long before we had intenet transfer -- for a fee you could have a bank wire (by tdy) money from a bank to any other band or destestion -- at one time this was western union's biggesg money maker now they do it over the internet-- mucho faster and just as secure!!!
2007-08-16 13:30:02 · answer #4 · answered by mister ed 7 · 0⤊ 0⤋
Transferring money electronically through your bank.
2007-08-12 17:25:40 · answer #5 · answered by Alletery 6 · 1⤊ 0⤋