Wire transfer

A wire transfer is the electronic transfer of money through a network of banks or related agencies across the world. The sender pays a fee for the transaction and provides the recipient's name, bank account number, and the amount that should be transferred. The fee of this transfer could vary a lot. Within the European union it's free, but intercontinental it should become quite expensive. Unlike cryptocurrencies, there is always a middleman involved and a transfer could take up to days instead