Apr. 26, 2021
What is a wire transfer? How do wire transfers work
Thanks to the constantly developing finance industry, millions of wire transfers happen every day, and people have no problems using this feature. Even if you didn’t hear of a “wire transfer” before, you might have already made these, just under their different name. So, join Genome, let’s dive into what are wire transfers exactly, and uncover some of the attributes that are not as apparent about it at first. What is a wire transfer? This is a process of sending funds from one bank account to the other, or between the transfer agencies, that happens via electronic means. Simply put,