> For the complete documentation index, see [llms.txt](https://docs.xft.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.xft.finance/learn/flows/payments/wire.md).

# Wire

<figure><img src="/files/uRpEaKS3yjJJjo8pFVWp" alt=""><figcaption></figcaption></figure>

WIRE TRANSFER

<mark style="color:red;">**1. Initiation:**</mark> The sender provides their bank with the recipient’s name, account number and bank information (such as routing number for domestic transfers and IBAN for international transfers).
&#x20;\ <mark style="color:red;">**2. Verification:**</mark> The sending bank verifies the sender’s account balance and transaction details.
\ <mark style="color:red;">**3. Processing:**</mark> The sending bank processes the transfer through payment networks such as Fedwire or SWIFT.
\ <mark style="color:red;">**4. Intermediary routing:**</mark> Especially for international transfers, the payment may route through intermediary banks that facilitate the transaction between different banking systems.
\ <mark style="color:red;">**5. Funds crediting:**</mark> The recipient’s bank receives the payment instructions and credits the funds to the specified account.
\ <mark style="color:red;">**6. Notification:**</mark> Both sender and recipient receive confirmation of the transfer.
\ <mark style="color:red;">**7. Settlement:**</mark> The banks complete the transaction by settling funds between themselves through central banks or clearing houses.