Would any body please let me know about Bank Wire and Bank Transfer system?
A bank wire is a telegram wiring cash money to a third party, usually directly into the bank account of the receiver. It is expensive, costing about $30 for a domestic wire and $45-50 for an international wire. The bank transfer system is a pre-approved electronic bank transfer from your account to the receivers account and is almost instanteneous and cheap (pennies, not dollars).
