International Wire Transfer Regulations: Rules You Should Know
International wire transfer refers to a service provided by banks that allows you to send and receive money from your bank account to a recipient’s bank account from a different state or continent. But, you need to understand wire transfer regulations. You can transact an international wire transaction through your online banking services, key in the details of the person who will receive the money then pay for the transfer. Your bank then starts processing the transfer then channels it to the recipient in their account. Here are the rules that will guide you when you want to send or receive money from abroad: 1. Documents required to make a payment abroad You need to know that finance as a … Read more