What Exactly Is A Wire Transfer? - MoneyMakerGroup Forum

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What Exactly Is A Wire Transfer?

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tack909 View Member Profile	Feb 22 2008, 02:17 AM Post #1
New MoneyMaker Group: Member Posts: 1 Joined: 22-February 08 Member No.: 135,395	i was looking at eTrade's saving account plan. And it says Wire Transfers : $25 per outgoing wire Does that mean if I buy something online and pay with my etrade saving account, i will be charged a $25 fee? Thank you -------------------- MMG Signature Ad 1/3 - Slot Available MMG Signature Ad 2/3 - Slot Available MMG Signature Ad 3/3 - Slot Available

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financeman45 View Member Profile	Mar 26 2008, 01:52 AM Post #2
New MoneyMaker Group: Member Posts: 6 Joined: 22-October 07 Member No.: 122,820	QUOTE(tack909 @ Feb 22 2008, 03:17 AM) [snapback]4699902[/snapback] i was looking at eTrade's saving account plan. And it says Wire Transfers : $25 per outgoing wire Does that mean if I buy something online and pay with my etrade saving account, i will be charged a $25 fee? Thank you No, you will not be charged $25 if you make a purchase online. The $25 fee is for electronic funds transfers from your account to another financial institution. -------------------- Non ChexSystems Banks \| Fast Credit Repair Tips

SLOGOLD View Member Profile	Apr 1 2008, 11:54 PM Post #3
New MoneyMaker Group: Member Posts: 19 Joined: 13-January 06 Member No.: 19,540	QUOTE(tack909 @ Feb 22 2008, 02:17 AM) [snapback]4699902[/snapback] Does that mean if I buy something online and pay with my etrade saving account, i will be charged a $25 fee? Thank you No, if you will pay with direct debit from account or by card associated to the account there will be no fees. Wire transfer means sending money to account held at different bank then yours. If you send wire transfer within US have usually different fees then sending wire transfer to bank outside US. -------------------- Offshore incorporation and bank accounts Financial companies incorporation, branded card programs

newplanner View Member Profile	Apr 15 2008, 04:00 AM Post #4
MMG Member Group: Member Posts: 30 Joined: 8-April 08 From: USA Member No.: 139,911	QUOTE (tack909 @ Feb 22 2008, 02:17 AM) i was looking at eTrade's saving account plan. And it says Wire Transfers : $25 per outgoing wire Does that mean if I buy something online and pay with my etrade saving account, i will be charged a $25 fee? Thank you Wire transfer is a method of transferring money from one entity's bank account to the other entity's bank account. -------------------- Find a Financial Planner