Glossary term
Bank Wire Transfer
Bank wire transfer is defined as the transmission of funds electronically from one bank account to another bank account. Bank wire transfer is one of the most commonly used methods for transferring funds. It is also considered to be one of the safest methods for transferring funds. Based on whether an intermediate bank is involved or not, it may take some time and cost money.
Related Forex terms
Most searched / Popular terms
Abroad Travel CurrencyAdvance RemittanceAnti-Money Laundering (AML)Authorized Money Changer (AMC)Automated Currency ExchangeBank Wire TransferBase CurrencyBid Exchange RateBilateral Currency ExchangeBuy Foreign CurrencyCash RemittanceCross-Border PaymentsCurrency ConversionCurrency MarginCurrency PairDemand DraftDigital Money TransferDomestic Forex LimitDoorstep Currency DeliveryDouble Currency ConversionE-Remittance ServicesElectronic Funds TransferExchange MarginExchange RateExternal RemittanceForeign ExchangeForeign RemittanceForex CardForex HedgingForward Exchange ContractGeneral Currency MarginGlobal Payment SolutionsGlobal RemittanceGovernment Forex RegulationsGuaranteed Exchange RateHedge Ratio