Wire transfer times vary depending on whether the transfer is domestic or international, and several other factors.

Domestic Wire Transfers

• Typically completed within the same business day or within 24 hours if initiated before the bank's cut-off time (often around 2-5 PM local time)

• Transfers between accounts at the same financial institution can happen in less than 24 hours, sometimes within minutes

• If a transfer is initiated after the cut-off time or on weekends/holidays, it will be processed the next business day, causing a delay

International Wire Transfers

• Usually take between 1 to 5 business days to complete, depending on the banks involved, time zones, currency conversions, and intermediary banks

• Some transfers can be faster (same-day) if initiated early and no currency conversion is needed, but this is less common and often comes with a fee

• Transfers may take longer if there are errors in details, multiple intermediary banks, compliance checks, or if the countries involved have slow payment systems

• In rare cases, international transfers can take up to 10 business days, especially with certain banks or countries

Factors Affecting Wire Transfer Speed

• Time of initiation relative to bank cut-off times.
• Weekends and bank holidays.
• Currency conversion requirements.
• Number of intermediary banks involved.
• Accuracy of transfer details.
• Country-specific regulations and banking infrastructure.

In summary, domestic wire transfers usually take less than 24 hours, while international wire transfers generally take 1 to 5 business days but can sometimes take longer depending on various factors