What is the advantage of having a wire transfer agreement?
A wire agreement allows you to delegate people that you would like to be able to perform wires on your behalf. These people will be assigned a PIN number so that wires may be done remotely without having to come into the Bank and/or receive approval of a Bank Officer. Because additional approvals are not required, wires can be processed faster and with more ease. Security is also greater as you are approving your own wires with a confidential PIN.
