wire transfer
Electronic funds movement
A wire transfer is an electronic movement of funds between bank accounts, typically used for large or time-sensitive transactions.
Unlike checks or card payments, wire transfers move money directly through banking networks and are usually irreversible once completed: We sent the down payment by wire transfer.
International wire transfers move currency across borders.
Bank messaging infrastructure
- routing numberBank branch identifier code
- clearingTreeless space in forest
- settlementResolved dispute or colony
- beneficiaryDesignated asset receiver
interbank · ledger · reconciliation · ABA · deposit · withdrawal · account · finance
Spanning national boundaries
- foreign exchangeTrading between national currencies
- currency conversionChanging money between nations
- overseasIn foreign countries
- IBANAlphanumeric bank account identifier
BIC · repatriation · expatriate · multinational · global · tariff · regulation · compliance
Within twenty-four hours
- real-timeOccurring without processing delay
- expeditedMade faster, prioritized
- urgentNeeding immediate attention
- overnightSpanning evening to morning
immediate · next-day · cutoff time · processing time · business day · queue · priority · delayed
Converting data into code
- authenticationConfirming genuine identity
- multifactorInvolving several contributing elements
- fraud preventionStopping dishonest financial activity
- verificationProving something accurate
authorization · callback · confirmation · phishing · scam · spoofing · compliance · audit trail
Lender's upfront service cost
- flat feeUnchanging service charge
- percentageProportion out of hundred
- surchargeExtra fee added
- waiverFormal surrender of rights
SWIFT
Bank messaging infrastructure
- routing numberBank branch identifier code
- clearingTreeless space in forest
- settlementResolved dispute or colony
beneficiary · interbank · ledger · reconciliation · ABA · deposit · withdrawal · account · finance · treasury
cross-border
Spanning national boundaries
- foreign exchangeTrading between national currencies
- currency conversionChanging money between nations
- overseasIn foreign countries
IBAN · BIC · repatriation · expatriate · multinational · global · tariff · regulation · compliance · sanctions
same-day
Within twenty-four hours
- real-timeOccurring without processing delay
- expeditedMade faster, prioritized
- urgentNeeding immediate attention
overnight · immediate · next-day · cutoff time · processing time · business day · queue · priority · delayed · pending
encryption
Converting data into code
- authenticationConfirming genuine identity
- multifactorInvolving several contributing elements
- fraud preventionStopping dishonest financial activity
verification · authorization · callback · confirmation · phishing · scam · spoofing · compliance · audit trail · secure channel
origination fee
Lender's upfront service cost
- flat feeUnchanging service charge
- percentageProportion out of hundred
- surchargeExtra fee added
- bankingbank, banks, ATM, ATMs, account
- Payment Typescash payment, installments, prepayment, autopay, recurring payment
- transfershandoff, hand off, handover, relay, baton pass
- banking termsaccount number, routing number, balance, FDIC, bank statement
- International TransfersSWIFT, cross-border, IBAN, Western Union, MoneyGram
- money transferWestern Union, PayPal, money order, Venmo, Zelle
wire transfercash
Ready spending funds
cash payment · personal check · cash on delivery · barter · coins
wire, transfer, wired, wires, wiring, wireless, telegram, transferred, transfers