The vast majority of money transfers are transacted via SWIFT or Peer-to-peer payments (P2P) which have become increasingly more common and mainstream as the technology has evolved and resulted in reduced fees whilst improving speed and security. The money can be received electronically or in cash. This transaction can be completed either through a bank (the traditional method) or a specialist money transfer service. VISIT CURRENCIES DIRECT > What Is An International Wire Transfer?Īn international money transfer or international bank transfer (also commonly referred to as an international wire transfer) involves sending money to either another person and/or company overseas. If you are looking for the best ways to send money internationally then you can’t go wrong with Currencies Direct. They’ve been in business since 1996 and are our #1 pick for sending money overseas.
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