Talk:Wire transfer

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IF YOU ARE SELLING AN ITEM TO SOMEONE IN ENGLAND BY WIRE TRANSFER, IS IT NECESSARY TO GIVE THEM ALL YOUR INFORMATION? IE-NAME,ADDRESS, PHONE NUMBER IF YOU HAVE NEVER DONE BUSINESS WITH THEM? IS IT SAFE?

If the payment is going from one UK bank account to another UK bank account, then the buyer needs only to know the name of the account holder, their sort code and their account number. If the payment is coming from outside the UK, then the buyer will need either an IBAN or SWIFT code. NFH 21:46, 7 March 2006 (UTC)

[edit] Controversy?

Can someone expand on why Western Union's history has been controversial?

[edit] Western Union and transfers

The two banks that I do business with both offer wire transfer services via their internet banking sites. One bank offers "Online wire transfers," with which I can enter in the recipient's bank and account number and have that money transferred usually the same day. The other bank offers "Western Union Money Transfer" service, which lets me input the person's name and location but not their bank account information. I'm confused by this second bank's online form, as I'm not entirely sure how the money gets to the recipient's account if you don't enter the recipient's account information. I suspect that this bank's wire transfer service is more akin to WU's "Money in Minutes" service, which requires the recipient to show up in person at a WU service center to receive the cash, but I'm not sure and have not had a chance to ask the bank if this is the case. I wish they would make it more clear on their site...

The reason I bring this up is because I think it would be helpful if someone could better explain the various forms of wire transfer in this article. I searched this article for help in my case (I wanted to know before I instituted the wire transfer) and found it rather lacking. For example, a look at WU's U.S. web site shows the "Money in Minutes" service (which transfers cash between WU service centers) and the "Direct to Bank" service (which transfers cash between bank accounts). These are two distinct services, and it would be good to differentiate them in this article. I would, but I'm not sufficiently familiar with wire transfers (this is my first one). cluth 02:17, 11 September 2006 (UTC)