Wire money is a method of electronic transfer that allows you to quickly and securely send money from one bank account to another. The process is also known as a wire transfer. To wire money, you will need the recipient’s bank account information, including their account number and routing number.
- Bank-to-bank wire transfer: This is a transfer of money between two bank accounts, using an online banking platform or mobile app, or by visiting a bank branch. You will need the recipient’s bank account information, including their account number and routing number.
- Third-party wire transfer services: These services, such as Western Union, allow you to transfer money to another person’s bank account by visiting one of their agent locations or online.
- International wire transfer: This type of wire transfer is used when you need to send money to a foreign country. The process is similar to domestic wire transfer but may require additional information and may have higher fees.
When wiring money, it is important to check the fees, exchange rates, and the time it takes for the money to be available in the recipient’s account, as they may vary depending on the method you choose. Some services may also require additional identification and verification steps to comply with anti-money laundering regulations.
RemitM is registered with the Information Commissioner’s Office (ICO), the UK’s independent authority set up to uphold information rights in the public interest.
All clients’ funds are held in a dedicated client account separate from RemitM’s funds, in line with our regulatory framework and consistent with good practice.
We earn no interest from holding client funds, as your payments and transfers are not held by us and are remitted to recipients upon receipt.
Your data is transmitted in a secure way and all password data is encrypted.