What is Foolsaurus?   Wire transfer  A wire transfer involves
moving money electronically.   Expanded Definition  The major
advantage of a wire transfer is speed. The money arrives in
hours and is immediately available. Contrast that with
depositing a check in your bank. You will not usually be able to
write checks against those funds for three days. If one were to
mail the check, delays can be even longer. Who earns interest on
the funds until they are credited to your account? What happens
if the check is lost in the mail? (Someone stops payment on the
first check--for a fee, and reissues a new check. But it's
delay, delay, delay.)  Wire transfers also work well for
international transfers.  Your bank, broker, or mutual fund
company will usually be able to arrange a wire transfer if you
request it. Some charge a fee for this service. You will want to
consider if the fee is worth it. For major transactions
involving large sums such as the sale of real estate, wire
transfer is highly recommended.  Related Foo