What is a wire transfer?

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Wire Transfer Definition – investopedia.com

https://www.investopedia.com/terms/w/wiretransfer.asp

The term wire transfer refers to an electronic transfer of funds via a network that is administered by banks and transfer service agencies around the world. Wire transfers involve a sending and receiving institution and require information from the party initiating the transfer, such as the receiver’s name and account number. Th…

Wire Transfer – Understand What is Wire Transfer & How …

https://www.hdfcbank.com/personal/resources/learning-centre/pay/telegraphic-wire-transfer

Wire transfers, which are also known as wire payments, allow money to be moved quickly and securely without the need to exchange cash. They allow two parties to transfer funds even if the…

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