Question

The date the beneficiary will receive the funds for an international wire transfer should always be:

(A) Same day as the wire is keyed
(B) 1-2 business days from the date the wire is keyed
(C) 3-5 business days from the date the wire is keyed
(D) Varies depending on the country

Answer 1

The date the beneficiary will receive the funds for an international wire transfer can vary depending on the country.

Step-by-step explanation:

The date the beneficiary will receive the funds for an international wire transfer can vary depending on the country. This means that the correct answer to the question (A) Same day as the wire is keyed, (B) 1-2 business days from the date the wire is keyed, and (C) 3-5 business days from the date the wire is keyed are all incorrect. The correct answer is (D) Varies depending on the country.