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How To Conduct a Wire Transfer

Watch more How to Use the Bank Wisely videos: Subscribe to Howcast's YouTube Channel - Conduct a wire transfer from one bank to another within minutes. Howcast uploads the highest quality how-to videos daily! Be sure to check out our playlists for guides that interest you: Subscribe to Howcast's other YouTube Channels: Howcast Health Channel - Howcast Video Games Channel - Howcast Tech Channel - Howcast Food Channel - Howcast Arts & Recreation Channel - Howcast Sports & Fitness Channel - Howcast Personal Care & Style Channel - Howcast empowers people with engaging, useful how-to information wherever, whenever they need to know how. Emphasizing high-quality instructional videos, Howcast brings you experts who provide accurate information in easy-to-follow tutorials on everything from makeup, hairstyling, nail art design, and soccer to parkour, skateboarding, dancing, kissing, and much, much more. Step 1: Decide on the amount of transfer Determine the amount of the wire transfer. Keep in mind that there are access fees which vary from one bank to another. Step 2: Collect information Write down the recipient's name, bank name, account number, and bank routing number. For an international wire transfer you will need the receiving bank's SWIFT identification code. Tip When time is of the essence, go online to to find a wire transfer service provider. Step 3: Call your bank Call your bank or financial institution to authorize the wire transfer and provide the information for yourself and the person on the receiving end. Tip The transfer will be completed the same day if you get approval from the bank manager and the call is placed before their cut off time. Step 4: Call recipient Call the recipient to let them know the transaction was completed. Step 5: Confirm with bank Verify with the bank that the wire transfer was completed and request a mailed, faxed, or e-mailed confirmation. Did You Know? Western Union began offering money wire transfer services in 1871.
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