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hi and welcome to detail Im Rebecca Bautista and in this video were going to be going over wire transfers so lets get started all right so in the previous video we talked about ACH transfers now lets talk about wire transfers a wire transfer is another way to transfer money across accounts but its a little bit different when you make really large purchases such as real estate a car sometimes transferring money through Estates Etc you need to move over thousands and thousands to up to hundreds of thousands of dollars depending on your situation in this case an ACH transfer usually cannot be done but a wire transfer can a wire transfer generally has higher limits but one fallback is the fact that you have to pay for a white transfer another thing is that wire transfers require more information than an ACH transfer so when you initiate for a wire transfer you go to a bank and generally they will request additional information including paperwork that you fill out needing the persons
