Bank wires are electronic transfers that move money between banks. This article explores Fedwire for domestic US transfers and SWIFT for international transfers.

Fedwire, managed by the Federal Reserve, is a system for instant and irrevocable domestic US payments. It is fast but may have higher fees than other methods.

SWIFT is a global messaging network for financial institutions, enabling secure communication for international transfers. SWIFT has a wide reach but may take longer and have higher fees than domestic transfers.