Does a wire transfer happen immediately?

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asked Dec 6, 2018 in Other-Finance by meepbeepiame (230 points)
Does a wire transfer happen immediately?

1 Answer

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answered Dec 6, 2018 by Christeen (70,120 points)
If the wire transfer is through a store transfer or Western Union money transfer then the transaction usually happens within a few minutes.

But if it's a wire transfer of your employer paying you money into your checking account then it usually takes a few days for the wire transfer to happen and for the money to be appear in your bank account.

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