Okay, this is a really essential question! I've been looking into wire money transfers and honestly, I'm still a little confused on what they actually *are*. It seems like a hassle-free way to pay, but I don't quite realize how it operates. What's the core concept behind a wire transfer?
Absolutely! A wire transfer is in essence a process of transferring money right from one bank account to an additional, with out involving traditional checks or debit cards. Feel of it as a digital equivalent of sending a physical letter, but much faster and oftentimes cheaper. It relies on the receiving bank verifying the details and confirming that the funds are available. What's the typical flow - what happens before the transfer actually goes