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How to Wire Money: Step by Step
Choose a provider and transfer method, research the costs and collect the necessary information. Don't forget to save the receipt.
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Wiring money can be a fast way to move large amounts of money — thousands to tens of thousands of dollars, or more — within the U.S. and abroad. You can usually send much larger amounts with wire transfers than when using a peer-to-peer payment app, which might have significantly lower sending limits, require a bank account or debit card, and not allow international transfers. Here’s a quick tutorial on how to wire money.
1. Decide which provider to use
Both banks and nonbank money transfer providers can help you send wire transfers.
Wiring money through banks
With bank wire transfers, both the sender’s and receiver’s financial institutions are involved. Transfers within the U.S. may be processed the same day, but expect international ones to take at least a few days.
Wiring money through nonbank money transfer providers
Companies such as Western Union allow you to move funds in the U.S. or internationally. You can transfer money between bank accounts, send cash for pickup and, in some cases, pay bills via wire transfers. The transfers can take minutes to several days, depending on the service and delivery method.
A wire transfer typically can’t be reversed, so always make sure you have the correct information and that you’re sending to the correct account number, and never send funds to anyone you don’t know well.
4.25%Annual Percentage Yield (APY) is accurate as of 01/09/2025. APY may change at any time before or after the account is opened. Available only online.
5.00%Annual Percentage Yield (APY) is accurate as of June 17th, 2025. Start earning 2.50% APY, then qualify to earn 5.00% APY on your balance up to $5,000.00 and 2.50% APY on balances over $5,000 next month by 1) Receiving direct deposit(s) totaling $1,000 or more; and 2) Ending the month with a positive balance in all your Varo Accounts. No fees, no minimums required. Rates subject to change at any time.
4.00%Annual Percentage Yield (APY) may change at any time and fees may reduce earnings. Please visit etrade.com/ratesheet for more information.
Min. balance for APY
$0
These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions.
These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions.
4.50%*Current promotional rate; annual percentage yield (variable) is 4.00% as of 12/27/24, plus a .50% boost available as a special offer with qualifying deposit. Terms apply; if the base APY increases or decreases, you’ll get the .50% boost on the updated rate. Cash Reserve is only available to clients of Betterment LLC, which is not a bank; cash transfers to program banks (www.betterment.com/cash-portfolio) conducted through clients’ brokerage accounts at Betterment Securities. FDIC insurance is subject to certain conditions.
Min. balance for APY
$0
CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.
CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.
4.45%All Bread Savings APYs are accurate as of 06/24/2025. APYs are subject to change at any time without notice. Offers apply to personal accounts only. Fees may reduce earnings. To open a CD, a minimum of $1,500 is required and must be deposited in a single transaction. A penalty will be imposed for early withdrawals on CDs. At maturity, your CD will automatically renew and earn the base interest rate in effect at that time. Rates are compared against competitor rates published by NerdWallet.com and the institutions themselves as of 06/24/2025. NerdWallet.com obtains the data from the various banks that it tracks and its accuracy cannot be guaranteed.
Nonbank providers might not require bank account information, depending on which delivery option you choose, but they will require the recipient’s name and location.
You should always check with the bank or other provider you’re using to see if they have more specific requirements.
Where to find a bank’s routing number or equivalent
Within the U.S., this is a nine-digit code, which can be found at the Federal Reserve Banks site or by asking the recipient (they can find their routing number on their bank’s website or their check).
Abroad, this is a bank identification code, such as a SWIFT code. SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, uses an eight- or 11-character code that identifies specific banks internationally and is in the standard bank identification code format. Ask the recipient for this code, or look it up online.
3. Check costs and choose the transfer method
Your bank or nonbank provider may let you send a wire transfer in several ways, such as online or through a mobile app, by phone or at a bank branch or the provider’s retail locations. The methods can vary in cost, so compare prices before making a decision.
The median cost at banks is $25 for sending wires domestically and $45 internationally, according to a December 2022 NerdWallet survey. Many nonbank providers have online tools that let you estimate the cost of a wire transfer before sending.
» Not sure if you need a wire transfer? Check out other ways to send money
4. Read the fine print
Before sending international wires, understand details about the exchange rate, total fees and taxes collected by all parties, the delivery date and the amount expected to be delivered abroad (separate from fees). Generally, transfer providers must give that information to you both before and after you pay for the wire.
Whether you speak with a bank teller or fill out a form online, be precise with the information you provide. A misspelled name or a missing digit can prevent the recipient from getting the money, and it’s unlikely you’ll be able to get the money back. Wiring money is similar to sending cash — once you’ve authorized the transfer, it's very difficult to get back.
Get confirmation of the transfer in a receipt, which should include contact information for the wire transfer provider, the transfer date, the date the funds will be available and the name of the recipient. save the receipt and refer to the specific transfer if any issues arise.
Frequently asked questions
How much does a wire transfer cost?
A wire transfer fee typically costs $25 within the U.S. and $45 for an international destination.
Can you do a wire transfer online?
Yes, you can wire money online or with a mobile app, through a bank or through a nonbank money transfer provider.
Is Zelle a wire transfer service?
No. Zelle uses different systems to transfer money. Depending on the banks involved, Zelle uses Automated Clearing House transfers, which are processed in batches a few times a day, and real-time payment to send money from one bank account to another. ACH and RTP transfers are different from wire transfers.
online or with a mobile app, through a bank or through a nonbank money transfer provider.
Is Zelle a wire transfer service?
No. Zelle uses different systems to transfer money. Depending on the banks involved, Zelle uses Automated Clearing House transfers, which are processed in batches a few times a day, and real-time payment to send money from one bank account to another. ACH and RTP transfers are different from wire transfers.
