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A wire transfer is an electronic way to transfer money. It is also known as bank transfer. Wire transfers have several advantages. This mode of transfer is fast and secure.
When sending a domestic bank wire, you will need to provide the recipient's name, address, bank account number, and ABA number (routing number).
Beneficiary Name ? This is the name of the person or business receiving the wire. This must match the name on the bank account you are using. Beneficiary Address ? Please provide the address of the business or person receiving the wire.
Completing the Electronic Funds Transfer Form - YouTube YouTube Start of suggested clip End of suggested clip You'll also need your financial institution. Information you'll need the name full address routingMoreYou'll also need your financial institution. Information you'll need the name full address routing number contact phone number and name account number name on the account.
What information is needed for a wire transfer? The sender's valid government-issued photo ID or driver's license. The sender's full name and contact information. The sender's bank account and transit number. The recipient's full name and contact information. The recipient's bank account information and transit number.
How To Set Up a Wire Transfer Recipient bank name (the bank that the money is going to) Recipient bank's American Bankers Association (ABA) routing number or other code3. Payee's account number at the bank. Any additional information you need to provide (such as further delivery instructions)
Receiving bank information Add the routing or ABA number for the financial institution receiving the transfer in the ABA Number field. Add the name of the financial institution listed above in the Bank Name field. Add the address of the financial institution listed above Street Address, City, and State fields.
You simply provide the wire transfer information or requirements, such as the recipient's name, bank name, bank account number, amount, and, if applicable, a pickup location. Then pay using a debit card, credit card, or another acceptable payment source.