Wire Transfer Fees offers quick and no-nonsense advice about how to initiate a wire transfer through your local bank, one of the traditional wire transfer companies or one of the many online wire transfer services that have been created in the last few years thanks to the internet.
Gone are the days of having to pay high costs just to ensure your money is transferred in a short amount of time. Nowadays you can have cleared funds transferred to a recipient’s bank account, either domestically or internationally, for a reasonable cost. Of course, like most services, it pays to shop around and do your research because these wire transfer fees and charges can vary. Some services might be good for small amounts and terribly expensive for large ones, whilst others are geared to dealing with large amounts and find it an inconvenient to deal with smaller consumer type amounts and hence will charge more. Knowledge is power for reducing wire transfer costs.
It pays to shop around and do your research
Banks appear to offer the safest options, however, if you research many of the online money transfer services you will see that they are bound by the same rules and can offer the same financial guarantees as the banks. This is even the case with competing services where you can send money by email and if you have everything set up correctly, it automatically comes from your bank account and the recipient never needs to see your bank account details.
Read through the information here at Wire Transfer Fees and you will then have a good understanding of what a bank wire transfer is, some alternative methods and how to look for the fees and charges.