According to Consumers Credit Union, a wire transfer is delivered the same business day that it is sent if it's a domestic wire. For example, if the wire transfer is sent in the morning, then it is received that afternoon.
In order to send a wire transfer, the sender needs the name of the receiver as well as the receiver's address, account number and routing number of his bank, according to Consumers Credit Union. Wire transfers can be sent Monday through Friday during normal business hours. Once the transfer has been received, the funds are available to be used immediately. Depending on the financial institution, there may be a fee for sending a bank-to-bank wire transfer.Learn More
Wire transfer fraud is a crime involving attempts to obtain money or other assets fraudulently through wire money transfer, according to the Federal Trade Commission. Perpetrators may contact consumers requesting personal financial information, money transfer payments or help in making illegal financial transactions.Full Answer >
It takes about two business days for money sent by telegraphic transfer to reach the receiving bank. Individual banks may take longer to credit the money to a customer's account after they receive it. In some countries, the transfer time is longer.Full Answer >
Bank wire transfers are typically available to the recipient within one business day, according to an About.com article. Money transfer agencies, such as Western Union, advertise options that can take anywhere from minutes to a couple of days.Full Answer >
Some ways to transfer money from one bank to another include a wire transfer, writing a check or doing a transfer with an account and routing number. Customers should be aware that some financial institutions may charge a nominal fee for transferring money. The amount varies depending on service and bank.Full Answer >