A Wire Transfer Form is a document that is used to initiate an electronic fund transfer from a sender (which can be an individual or an entity) to a recipient (also known as a beneficiary or a payee). The purpose of the document is to provide the bank with all of the information required to do the wire transfer.
A wire transfer is an easy and convenient method of the electronic transfer of funds. The process usually starts with a sender submitting the form to their bank. After that, the sending bank delivers the message to the receiving bank with the request to effect the payment in accordance with their instructions. After the funds are moved from the sender's account to the recipient's account, the banks may collect payment for their services.
A wire transfer form template can be downloaded below.