Bank Transfer

The Site for the subject Bank Transfer

A Bank Transfer can be a great thing to get cash. Bank wire transfers are often the most expedient method for transferring funds between bank accounts. A bank wire transfer is effected as follows:

The sending bank transmits a message, via a secure system to the receiving bank, requesting that it effect payment according to the instructions given.
The message also includes settlement instructions. The actual transfer is not instantaneous: funds may take several hours or even days to move from the sender's account to the receiver's account.
Either the banks involved must hold a reciprocal account with each other, or the payment must be sent to a bank with such an account, a correspondent bank, for further benefit to the ultimate recipient.