How long do wire transfers take?

Updated November 21, 2016

Find a place for the wire transfer to happen, in order to determine how long it will take. You have many choices. A wire transfer might take place at your bank, in which case it can be an instantaneous transfer to another bank. It also might take place at a wire-transfer agency, such as Western Union. If this is the case, the wire transfer can take up to a few moments. If the wire transfer takes place at a store, such as a Wal-Mart, or another store that accepts wire transfers, it could take up to 10 minutes for the transfer to take place.

Choosing How To Transfer Money

Choosing how to transfer money will also have an impact on how much time it takes to transfer the money. If you transfer money from your bank account to another bank account, it will only take moments, as long as it happens during the business day for both parties. If you transfer money using cash, at a Western Union or another establishment, it can also take moments, as long as the place where you transfer the money is open and able to accept transfers. However, if you transfer money using a personal check, it can take a few days, depending on how long the check takes to clear.

Deciding When to Transfer Money

When you transfer money also has a huge impact on how long it will take. If you transfer money during the business day, chances are that it can take place right away and within moments. If you transfer money after business hours, the party accepting the money might need to wait until the next day's opening of business. If money is transferred over the weekend, in some situations, the person picking up the money might have to wait until the week begins to pick it up.


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