Wire Transfer Bank of America
Mar 3, 2018 - Bank of America Wire Transfers 101 Technology is typically invented to solve problems and simplify our lives. While this is an oversimplification, it’s also the truth. We’re now capable of owning pocket-sized supercomputers, automobiles that can sustain hundreds of miles of travel in a day, robots that respond to nothing but our voices, appliances that […]
The bank wire transfer process for small businesses
Feb 2, 2018 - What can small business owners expect when sending a wire transfer through their bank? Small businesses shell out a lot of money. Especially when trading internationally, small businesses have to find fast and cost-effective ways to pay suppliers and contractors. For a lot of small business owners, sending funds through a bank wire transfer is […]
How Fast is an International Wire Transfer Processed?
Dec 12, 2017 - In how many films have wire transfers been an integral plot device? Usually it’s someone that needs money immediately and their only other option is to grab it in cash. This is because wire transfers, at least historically, have been portrayed as a secure, dependable, and speedy way to migrate funds from one account to […]
What Is a Wire Transfer & How Do They Work?
Dec 12, 2017 - What is a wire transfer and how do they work? A Brief History The origins of modern banking reach back to Renaissance Italy with the Medici family’s banking dynasty. From here, the concepts of banking, lending, and credit spread throughout Europe and trickled over into other continents. By the 17th century, bank notes, then called […]
How Secure is an International Wire Transfer?
Dec 12, 2017 - Since the dawn of man, societies have exchanged money, or some variation of money, for goods and services. While banks have always existed in some shape or form, official banks are a relatively young institution that trace their official genesis to Florence, with the Medici banking family in the 17th century. One of the main […]
Here We Go Again: Lost Bank Wire Transfer Puts Small Business at Risk
Dec 12, 2017 - According to a recent ABC News story, a New York seamstress fell victim to a banking error that almost cost her $39,000 and her business. The reason: using bank wire transfers to send money to suppliers abroad. Janet Bloor makes costumes for large-scale Broadway shows, ballets, and other smaller projects. She depends on supplies from […]
What You Need to Know About International Wire Transfer Time
Sep 9, 2017 - A recent study revealed that 58% of small businesses have international customers. Given ever-increasing access to Internet services, that number is bound to grow exponentially over the next few years. In fact, 72% of the small businesses surveyed in that study said they plan to increase their international business. If small businesses want to compete […]
Happy 144th Birthday Bank-to-Bank Wire Transfer—R.I.P
Feb 2, 2017 - How Bank-to-Bank Transfers Hurt Small Businesses 2017 is certain to be an interesting year for small business America. With American trade policy unknowns causing uncertainty over the cost of global exchange, global SMBs will increasingly look for greater efficiency and savings. When it comes to bank-to-bank wire transfer cost and efficiency, there’s some good news […]
10 Things SMBs Didn’t Know About International Wire Transfers
Apr 4, 2016 - Empowering SMBs With New Technologies Wire transfers are integral to any small business operating internationally. SMBs have relied on this payment method for ages yet fail to realize the many issues that come with it. The mentality from the banks of, “it’s not broken so why fix it” has failed to empower SMBs with new […]
5 Things Small Business Owners Told Us About Why They Hate Wire Transfers
Feb 2, 2016 - Small Business Payments Should be Simple Last month, we conducted a number of focus groups to speak to small businesses about their experiences with sending money, or getting paid overseas. One of the biggest takeaways, not only from this research, but from other surveys, comments on articles, speaking to customers regularly, is that opinions vary […]