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How to Conduct a Wire Transfer. Executing a wire transfer is as easy as making one phone
call. You will need Recipient's name and bank account information Receiving bank's SWIFT
identification code Bank account and internet access (optional). Step 1. Determine the amount
of the wire transfer. Keep in mind that there are access fees which vary from one bank to
another. Step 2. Write down the recipient's name, bank name, account number, and bank
routing number. For an international wire transfer you will need the receiving bank's
SWIFT identification code. When time is of the essence, go online to to find a wire transfer
service provider. Step 3. Call your bank or financial institution to authorize the wire
transfer and provide the information for yourself and the person on the receiving end. The transfer
will be completed the same day if you get approval from the bank manager and the call
is placed before their cut off time. Step 4. Call the recipient to let them know the
transaction was completed. Step 5. Verify with the bank that the wire transfer was completed
and request a mailed, faxed, or e-mailed confirmation. Did you know Western Union began offering
money wire transfer services in 1871.