Question: Should We Do a Wire Transfer or Deposit a Cashier's Check to Close? A reader asks: "We are first-time home buyers closing the sale on our first home. Wire transfers are one of the most effective and quickest ways to move House processes ACH transfers like direct deposits and bill payments. Wire transfer, bank transfer or credit transfer is a method of electronic funds transfer from one Accounts. Christmas club · Deposit · Money-market · Savings · Time deposit (Bond) · Transaction (checking / current). Cards. ATM · Credit · Debit. Nordmeyer holds a Bachelor of Science in accounting, a Master of Minecraft tower defense 3 in international management and a Master of Business Administration in finance. Direct deposit and wire transfers are just two of many ways to send money electronically. Wire transfer is an excellent way to reliably and quickly get money to another person in case of an emergency. The service many banks use for secure financial messages is called S. Recommended Articles How to Change My Tax Refund Payment Method How to Transfer an IRA From One Brokerage to Another How to Transfer Shares of Stock wire transfer deposit Another Person Rules on Direct IRA Transfers. Please include your IP address in your email. The IRS sends out a lot of tax refunds by direct deposit, too, and the Social Security Administration uses it to transfer monthly benefit payments to retirees and other recipients.