Originally Posted by Shawn_Small
I assume wire transfers have to take place during a normal banking day?

Saturday or Sunday won't work I suppose.


That's correct. Also, I've done several wire transfers at my bank. I make the wire transfer request before their cut-off time (3PM Central), they send it to the Federal Reserve Bank overnight, then the money arrives at the receiving bank by 6AM the next day. Some people told me their banks make the wire transfer right away and the money arrives instantly. I don't know if that's true.

Most banks nowadays charge a fee (around $15) for sending a wire transfer, and a smaller fee (around $10) for receiving a wire transfer.

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