What is a banking wire transfer? A wire is a same day transfer of money that's from one bank account to another bank account.

In this short video, we'll discuss the pros and cons of paying by wire. This is only covering domestic wires and not international wires. We'll cover the benefits and drawbacks of using this financial method, and give you some tips on choosing the right bank to use for bank wire payments. We'll discuss the different types of bank wire services available, and help you choose the best option for your needs. After watching this video, you'll be able to make a bank wire payment without any problems!

Keep learning more about subjects like this, check out the following:

👍BANKING: Paying by ACH (Automated Clearing House payments)
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👍Check and ACH Fraud: Real Life Experience from a CPA
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Disclosure Disclaimer: The information in this video is provided for general educational purposes only and may not reflect changes in federal or state laws. Please consult with a professional tax advisor about your facts and circumstances.

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