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Money Wire Transfer Letter Template

Sample Money Wire Transfer Forms

When conducting a wire transfer you are electronically transfering money from one account to another. With bank to bank transfers there is no actual cash being exchanged. Instead the electronic balances in each account is properly adjusted. Wire transfers are a very safe way to to transfer funds electronically.

A popular form of wire transfers is the use of your ATM / Debit card. Each time you use your debit card you are authorizing a wire transfer from your account to the retailer's bank account. Another common use of a financial wire transfer is having your employer making a direct deposit into your bank account for your paycheck. Also, automatic bill payments are another example of wire transfers that are conducted frequently.

Example Electronic Wire Transfer Forms:

Western Union is an example of a company that conducts wire transfers to various geographic locations. For example, someone can send a wire from a Western Union location in Houston, Texas to someone located at a Western Union location in Maui, Hawaii. This is probably the fastest and easiest way to get cash to someone located somewhere else.

Money Wire Transfers vs. Money Orders

Money orders consist of prepaid financial instruments that can then be used to pay off a debt obligation. Where a Wire Transfer is an electronic movement of funds from one account to another.

Money Wire Guarantee Letter

Date: ___/___/____

To: ______________________________

Address: _________________________

City: __________ State: ___ Zip: ____

Bidder Name: _____________________

Address: _________________________

City: __________ State: ___ Zip: ____

This letter is hereby a notice that the following bank will honor and guarantee the transfer of U.S. funds, as instructed by the above listed bidder up to the bidding limit of $_______________ immediately the next banking day following the purchase(s).

Wire to:

Bank Name: ______________________

Address: _________________________

City: __________ State: ___ Zip: ____

Attn: ____________________________

Account Name:

Acct #:

ABA #:

This guarantee of transfer(s) applies only to the purchases on the above mentioned date. No stop payment will be issued.

Best regards,

Bank officer Signature



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