What is a Wire Transfer?

A Wire Transfer is an electronic transfer of money from one entity to another across the financial network. It is a fast & secure transfer of fund from one bank or credit union account to another. It allows people to easily transfer money around the globe in different geographical locations, while maintaining efficiency. With a wire transfer, you can transfer huge sum of money as no actual cash is moved. Banks will collect a fee for providing service based on the size of transfer being done.

Wire Transfer

Most Viewed Answers

There is absolutely no limit of sending money to India, provided you pay the required taxes. No limit on daily and monthly transaction. only money sending have limit for sending amount for indivi…

The legal limit to carry cash currency in US Dollars from India to USA is USD 3000 per person per trip. However, you can carry up to US $10,000 in form of currency notes, Travelers check, etc. wi…

Import: Currency Regulations in India Local Currency (INR) - Any person resident in India, who had gone out of India on a temporary visit, may bring into India at the time of his return from…

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