When you send monoey from one account to another you can choose between ACH (automated clearing house or automated check handling) or wire transfer. They are types of electronic funds transfer between two entities of bank accounts. ACH transfers are less expensive than wire transfers.
A wire Transfer is a real-time method of transferring immediate funds. It is a direct bank to bank transaction that allows you to move money in real-time. In general, a wire transfer is fast and secure.
Not only to send wire, banks often charge fees for receiving wire transfers as well. Wire transfers are much more expensive.
Time taken to receive international wire depends on the country and the bank receiving the funds. A domestic wire will be posted to the receiving bank account the same day it is sent.
Wire transfers is a quick way to transfer money from one bank to another, but it is expensive.