Recipients of wire transfers are able to be traced

By Dave Segal

POSTED: 01:30 a.m. HST, Nov 04, 2012

~~<p>Question: What steps are involved for a person to wire money, and what information needs to be provided?</p>
<p>Answer: In today’s heightened regulatory environment, both the sender and receiver typically must have a checking or savings account to transfer funds via wire. The sender must have the receiver’s name, account number, bank’s name and bank’s location.</p>
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Question: What steps are involved for a person to wire money, and what information needs to be provided?

Answer: In today’s heightened regulatory environment, both the sender and receiver typically must have a checking or savings account to transfer funds via wire. The sender must have the receiver’s name, account number, bank’s name and bank’s location. Login for more...