A wire transfer is a method of transferring funds electronically from one financial institution to another. It is generally used for large transactions and is often considered the most secure way to send money. In order to initiate a wire transfer, one needs to provide certain details like the recipient’s name, account number and bank routing number. The funds are then moved quickly and securely between accounts, typically within 24 hours. With wire transfer, you can now send money effortlessly – no matter where you are in the world.