Affiliate Programs with a Payment Method of Bank Wire Transfer

Bank Wire Transfer is an electronic funds transfer method used to transfer from one account to another. It is also known as bank transfer or credit transfer.

A bank wire can be used to refer to funds transfer made from one bank to another through the traditional bank networks or a funds transfer made electronically through money transfer service providers such as PayPal and Western Union.

In most cases when transferring money online, you will be using the electronic bank wire transfer. Your funds are debited from one account and credited to your other account. For instance, when you have a Forex trading account with a Binary Options broker, you can transfer your funds from your trading account to your bank account. So your trading account is debited and your bank account is credited. The vice versa also applies where you can use Bank WireTransfer to deposit money into your trading account from your bank account.

The process (duration and cost) of transferring funds will depend on the operator.

How to withdraw funds through Bank Wire Transfer

To withdraw funds through bank wire transfer, you only require to avail your bank account number to the party you wish to withdraw your money from. When your money is withdrawn, it is credited into your bank account under the account number you have provided.

To initiate the withdrawal process, you will require to authorize the party to withdraw.

Why use Bank Wire Transfer?

Bank Wire Transfer is a secure way of withdrawing funds since you do not expose a lot of your bank information like the credit card number and CSV codes.

You only provide the account number which is very general information.

The charges are also relatively competitive. The costs will depend on your bank fees and the fees charged by the other party from whom you are withdrawing the money from.

Also, Bank Wire Transfer is fast. It takes an average of 1 to 3 business days for funds to reflect into your bank account.

Is Bank Wire Transfer right for me?

Bank Wire is the most advisable fund transfer method, especially for online transactions. However, you have to ensure that your bank account is set to permit online transactions.

Again, you will also need to confirm that the broker or affiliate program allows bank wire transfer to banks within your country or region.