Bank Wire Transfer

Written by Laurie Nichol
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If you need to send money instantly, then perhaps a bank wire transfer is the right solution. Usually, when we hear the phrase, we think of Western Union commercials where people send money instantly to a loved one. However, using a bank wire transfer is a commonplace transaction that occurs daily between large corporations just as easily as between private individuals.

For companies who need to transfer funds to vendors, associates, suppliers, or customers, using bank wires is a common activity. Some even handle their employees' paychecks in this way, via direct deposit. For all of these important transactions, an obvious concern is security. And the new systems involved in these transactions allow for greater confidence in the process than ever before.

Excellent Security and Documentation

The transferring of funds from one bank account to another has always been strictly regulated by the government. As the Internet age grows up, security has become even tighter, for the obvious reasons. No matter what kind of electronic funds transfer system a company uses, knowing that their sensitive information is kept confidential is paramount.

Sending money electronically means that you'll receive automatic confirmations and documentation. The paperwork headaches and long employee hours typically associated with payment processing and funds transferring are now a thing of the past. Whether you're sending funds across town or around the world, you can be sure of instantaneous, efficient service.

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