What is a wire transfer?
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A wire transfer is a common way to electronically move money from one bank account to another. They can be domestic (between two U.S. accounts) or between a U.S. and an international account.
A domestic wire transfer is a way to transfer funds between two U.S. bank accounts or other financial services company. Wire transfers made by consumers from the United States to other countries made through a remittance transfer provider are "remittance transfers", and under federal law generally come with certain consumer protections.
If you have a problem with your wire transfer, contact the company right away and explain the issue. You can also submit a complaint to the CFPB.