Wire transfer
Real-time electronic transfer of funds between bank accounts, domestic or international.
Definition
Wire transfer is a real-time electronic funds transfer. Domestic US wires settle same-day; international wires (SWIFT wires) settle in 1-5 days. Fees: $15-50 domestic, $35-65 international.
Context
Wires are the standard for large or time-sensitive transfers. Mercury, Relay, and Wise all support wires.
Example
A Delaware LLC receives a $250,000 wire from a US enterprise client. Wire arrives same-day; fees deducted automatically.
Common pitfalls
- Wire mistakes are difficult to reverse; verify recipient details.
- International wire fees can be hidden in FX spread.