How to deposit money into globex360

Globex360 have a 100/30 percent margin call-stop level, but the trader’s account may be exposed to a margin call if the trading account’s equity lies in a level that is equal to the margin of the trader’s existing position.

My list of forex bonuses

GlobeX360 REVIEW 2020, how to deposit money into globex360.

The three trading accounts of globex360 are: basic account, standard account, and professional or VIP account. These are all available for you on globex360, but it depends on your trading knowledge.

Globex360 REVIEW 2020

Globex360 summary

Globex360 is an online trading provider that was founded in 2017, with a primary focus on the continent of africa.

Throughout the span of two years, it has become one of the leading online brokerage firms that accept clients from all over the world. Globex360 has a global presence in various geographical areas that allows them to offer their clients quality services and technical support.

Globex360 has financial partners that are based in south africa, kenya, botswana, nigeria, chile, and australia; they also registered with the companies and intellectual property commission in south africa.

This globex360 review is an in-depth analysis of everything there is to know about this forex trading services provider and what it has to offer.

Who is the founder and owner of globex360?

Global exchange 360 or globex360 for short, takes great pride in being the first black woman-owned forex broker in the world.

The broker was founded by nombuso mkhulise, who is considered to be one of the most accomplished women in the financial sector and the only black woman to own a brokerage firm. The down to earth founder and chief executive officer was born in diepkloof (soweto), johannesburg, with her grandmother after losing her mother at the very young age of 10. She has completed her civil engineering studies at the deutsche schule johannesburg (DSJ) with a bursary, thanks to her great academic achievements. She considers herself to be a seasoned CEO and that her company is ready to serve clients from all around the globe, hence the name “globex – global exchange.”

Mkhulise aims to challenge the status quo and invites more women to venture into what was considered a boys club for so long, in order to gain financial freedom.

Globex 360 main features
established in: 2017	headquarters: johannesburg
regulations: FSP under license no 50130	country of regulation: south africa
minimum deposit: $25	platforms: MT4, socialcopy trade
demo account available: yes	leverage: up to 1:500
withdrawal fee amount: 0$	inactivity fee: yes

Variety of trading instruments

Different types of trading accounts, according to traders’ experience

Regulated by the financial sector conduct authority in south africa, also known as (FSCA)

In accordance to the financial intelligence and anti-money laundering act 2002 (FIAMLA 2002), the prevention of corruption act 2002 (POCA 2002) and the prevention of terrorism act 2002 (POTA 2002)

Only provides MT4 trading platform

Does not accept clients from the US, canada and belgium

Withdrawal process is very very slow

Does not provide negative balance protection

Safety and regulation

Globex360 is regulated by the financial sector conduct authority in south africa, also known as (FSCA). They are also obligated to follow the guidelines of the financial intelligence and anti-money laundering act 2002 (FIAMLA 2002), as well as the prevention of corruption act 2002 (POCA 2002) and the prevention of terrorism act 2002 (POTA 2002).

Globex360 (PTY)LTD is authorized by the FSP under license no 50130; globex360 is the brand name of GLOBEX wealth GROUP LTD, registered under the financial sector conduct authority (FSCA) in south africa.

Globex360 is registered and regulated by the financial body in south africa, which is one of the most prominent areas for financial and monetary regulations of trading application services.

Globex360 keeps client funds in segregated accounts to keep from merging the funds of clients to those of the corporation. The segregated accounts show the high level of transparency and concern of the company towards the client’s funds and personal information.

Globex360 is in compliance, with the financial intelligence and anti-money laundering act 2002 (FIAMLA 2002), the prevention of corruption act 2002 (POCA 2002) and the prevention of terrorism act 2002 (POTA 2002). These acts are in place to avoid any illegal and unlawful activity that could occur within the company, ensuring that the clients are safe from being exposed from the aforementioned criminal acts.

Regulated by the financial sector conduct authority in south africa, also known as (FSCA)

In accordance to the financial intelligence and anti-money laundering act 2002 (FIAMLA 2002), the prevention of corruption act 2002 (POCA 2002) and the prevention of terrorism act 2002 (POTA 2002)

Client funds stored in segregated accounts

Does not provide negative balance protection

Does not provide investor protection

Globex360 fees

You do not have to worry about deposit fees and withdrawal fees, because there are none.

The minimum deposit for the basic account is 100USD and the standard account is 500USD, while the minimum deposit for the professionalvip account is 5000USD; this is also considered relatively low.

Deposit and withdrawal fees
deposit fee	0USD
withdrawal fee	0USD
inactivity fee	5USD
account fee	0USD

globex360 fees vs. Competitor fees
globex360	octafx	avatrade	XM group
account fee	no	no	no	no
inactivity fee	yes	no	yes	yes
deposit fee	0$	0$	0$	0$
withdrawal fee	0$	0$	0$	0$

Globex360 trading fees

With globex360, there is a minimum and a maximum trade size; the minimum trade size is 0.01 lots and the maximum trade size is 50 lots. There is a maximum amount of orders for traders that can be opened on their MT4 trading account, which is fifty orders. Their execution speed for order is, on average, approximately two-hundred milliseconds; this is considered to be very fast and efficient to benefit traders.

Another feature and trading condition that globex360 provides is hedging and scalping. The required margin for hedging positions on the three accounts is zero, and there are no time limitations for keeping the positions open for traders.

With globex360, there is a possibility for traders to face a negative balance if they use the maximum leverage level that is available. A negative balance could also occur if there is a slippage, due to a period of high volatility.

The broker has a risk department is constantly and consistently track their clients’ progress when it comes to risk-taking decisions and strategies. This allows globex360 to monitor and see if a trader is making irresponsible trading decisions, then the broker will notify the trader through an email with the contents of asking them to reduce their risk exposure.

The broker may also reduce the maximum leverage level on the client’s trading account, to ensure that they are trading responsibly and not exposing themselves to major financial risk.

With globex360, negative balance protection is not guaranteed by the broker. The general practice of negative balance protection is based on a case-to-case review.

Account opening

The three trading accounts of globex360 are: basic account, standard account, and professional or VIP account. These are all available for you on globex360, but it depends on your trading knowledge.

Minimum deposit of 100USD for basic and standard

Account management is free

Forex, commodities, indices, and cfds available

Globex360 basic account

The first globex360 account available for you is the basic account with an instant execution type and the free support of an account manager. The maximum leverage level is 1:100 and a minimum spread starts from 2.0. There is also a commission charged for trading, which is 12USD per lot.

The available trading instruments on the basic account are forex, commodities, and indices, with the MT4 trading platform. The maximum order size is ten lots and there is a guaranteed stop loss order, which is reasonable for traders with the basic account. The minimum initial deposit is one-hundred dollars.

One of the main drawbacks of the basic account is that traders with this type of account will not have access to the knowledge base of globex360, and they won’t be able to have the option of automated trading.

Instant execution

Low minimum deposit (100USD)

Guaranteed stop-loss orders available

No access to educational resources

No access to automated trading

High trading commission

Globex360 standard account

The second account type that globex360 provides is the standard account. This account is similar to the basic account, but there are some improvements. The execution type is market execution, you get the support of an account manager and can also access automated trading.

The maximum leverage level for the standard account is 1:200, and they provide minimum spreads from 1.6. The commission charged for each lot is 10USD and the maximum order size is twenty lots. The standard account offers forex, commodities, and indices as instruments for trading, with the MT4 trading platform available for the trader’s convenience.

The minimum initial deposit is five hundred dollars($500) and you can immediately gain access to the educational materials of globex360.

Free account management

Market execution

Guaranteed stop-loss order

Access to automated trading

No access to personal account manager

Only available on MT4 trading platform

High trading commission

High minimum deposit ($500)

Globex360 professional or VIP account

The final and most beneficial trading account is the professional or VIP account.

This globex360 trading account performs orders at market execution quotes, and has free account management. The maximum leverage level is 1:400, since the maximum order size is fifty(50) lots. The account also offers minimum spread starting from 1.2, with a commission of eight dollars($8) per lot.

Similar to the standard account, traders can access forex, commodities, indices as well as automaded trading services. Unlike the other two trading accounts, there is the option for a personal account manager and the minimum initial deposit would be five thousand dollars($5000).

Access to automated trading

Guaranteed stop-loss order

Personal account manager available

High minimum deposit (5000USD)

Only available on MT4 trading platform

High trading commission

How to open a globex360 account

STEP ONE: fill out the online application with your personal information and trading preferences.

STEP TWO: open your email to verify your login credentials.

STEP THREE: upload documents of your bank statement, proof of address (POA), and a copy of your passport or ID as a form of proof of identity.

Deposit and withdrawal

There are several methods of payment, for depositing and withdrawing funds. These methods include: payfast, bitcoin, debit and credit cards.

Globex360 accepts several different currencies such as: USD, EUR, and MMK. The deposits and withdrawals are free of charge, but a transfer fee could be charged by the bank and not by the broker.

Globex360 will also not cover conversion fees, if the trader deposits or withdraws funds that are a different currency than that of the trading account.

Deposits

The globex360 minimum deposit for all trading account types is 25USD. However, the VIP account has a specific condition, where the trader must reach a monetary minimum balance of fifty thousand dollars.

With globex360, it is possible for traders to withdraw funds through a different payment method from that used for depositing. The funds will be withdrawn and deposited through the same method of payment, but globex360 gives traders the option to transfer funds to a different mode of payment, as long as it is under the same name and personal information.

Pay in a cheque, pay in and withdraw cash

For all those other things such as being able to pay in a cheque, pay in cash and withdrawing cash, this is how we can help.

How to pay in a cheque using the app

Video transcript

Paying in a cheque in our app on an ios phone

How to find the feature on your ios device.

2. Choose the account you want to pay the cheque into and press and hold.

Wait a second and a menu will appear.

3. Select ‘pay in a cheque’.

Then, you can follow the instructions to deposit your cheque into that account.

There’s another way to pay in a cheque on your app.

5. Tap the account you want to pay the cheque into

This will open up your transactions.

6. Then, tap the three dots.

They’re in the top right corner of the screen.

7. On the pop up menu, select ‘pay in a cheque’.

Now follow the instructions to deposit your cheque into that account.

On your app, there’s a limit of £500 per cheque and a maximum of £750 per day in cheque deposits.

9. Other ways to pay in a cheque.

If your cheque is over this limit, you can send it to us or pop to your local post office instead.

Video transcript

Paying in a cheque in our app on an android phone

How to find the feature on your android device.

2. Choose the account you want to pay the cheque into and tap.

This will open up your recent transactions.

You’ll find this at the bottom right of your screen.

4. Select ‘pay in a cheque’.

Now, follow the instructions to deposit your cheque into that account.

There’s another way to pay in a cheque on your app.

6. Choose the account you want to pay the cheque into and press and hold.

Wait a second and a menu will appear.

7. Select ‘pay in a cheque’.

Then, you can follow the instructions to deposit your cheque into that account.

On your app, there’s a limit of £500 per cheque and a maximum of £750 per day in cheque deposits.

9. Other ways to pay in a cheque.

If your cheque is over this limit, you can send it to us or pop to your local post office instead.

Pay in a cheque

Use the mobile app

You can now pay in a cheque anytime, any place using your compatible phone.

Cheques that are paid in before 10pm on a working day using the app will be available by 11:59pm the next working day, providing it's not been returned unpaid.

You will still be able to pay in a total of £750 in cheques per day with an individual limit of £500 per cheque.

All you need to do to pay in a cheque on your app is to long press on the account you’d like to pay your cheque into and select ‘pay in a cheque’. If you don’t have the ‘long press’ feature on your phone, select the account you want the cheque to be paid into.

On an ios phone, you will then need to tap the three dots on the top right of the screen and then select ‘pay in a cheque’.

If you have an android phone, you will need to tap the plus sign which can be found on the bottom right of the screen and then select ‘pay in a cheque’.”

Once you have done this then enter the amount that is on the cheque, scan the front and back of it and submit this to us. It’s easy as that and you don’t need to post them in anymore or go to a branch or the post office.

Paying in a cheque is quick and simple to do in the app but if you want a look at how you can do it check out our video. If you have any questions about paying in a cheque in the app, see our faqs for more information.

Post them into us

To pay in cheques by post all you need to do is request a paying in envelope in online banking by selecting:

Manage accounts>cheques>how do I pay cheques into my account>order paying in envelopes

Or you can use your own envelope and send the cheque to us at:

First direct, PO box 1538, northampton, NN1 9HY.

And if you don’t have a paying in slip, just send the cheque along with a covering letter including your name, sort code, account number and when you’d like the cheque to credit. Leave the rest to us.

In a branch

We don't have branches - but our friends over at HSBC do. And lots of them. So if you need to pay in cheques, you can drop into your local branch.

At the post office®

You can pay in cheques, using a pre-printed first direct credit slip, from your paying-in book. You'll also require a HSBC post office® cheque deposit envelope - which you'll find on the post office® counter. Do not put cash in the deposit envelopes.

Cheques paid into the post office® may take a day longer to reach your account than cheques paid in at HSBC branches - and this is assuming you do it before the post office® branch cut-off time. They'll be able to tell you when this is.

To find your nearest office or check opening times:

Depositing money into an account

There are several ways to deposit money to a fidelity account: you can

Send money to or from a bank account with an electronic funds transfer (EFT).

Wire money from a bank or third party account.*

Deposit a check via mobile upload or mail a paper check.

Transfer money from one fidelity account to another.

Transfer money via a third-party payment app like venmo ® or paypal ® .

Ready to get started?

Before you deposit money via EFT or bank wire, you need to link a bank account log in required . Whether you're doing a one-time deposit, scheduling automatic or recurring deposits for frequent investing, or transferring an entire account of investments to fidelity, the following options can help you accomplish your tasks.

Retirement and college savings contributions

Money you add to 529 college savings plans and retirement accounts, including iras, 401(k)s, or 403(b)s, is often called a contribution.

Contributing to an IRA

When you make a contribution to your IRA, the money goes into your core account. The core account is where your money is held until you or your advisor, if you have one, choose investments to purchase with the money. Sometimes it takes a few days for the money you transferred to be available in your account, but you don't have to wait until the funds are available to choose your investments.

Contributing to a 529 college savings plan log in required

Contributions to your 529 plan are invested based on your existing instructions; you will have established these when you opened the account. You'll receive a confirmation from fidelity when we've invested your 529 contribution.

Contributing to a 401(k) or 403(b) log in required

Log in to netbenefits ® to review your balances and contributions for your plans managed by fidelity. You'll use the same username and password you use for your other fidelity accounts. If you want to make changes to your contribution schedule or amounts, you may need to contact your employer or plan administrator since employers set up 401(k) or 403(b) plans.

Direct and automatic deposits

You can set up two types of deposits for your fidelity accounts: direct deposit of a paycheck or government check to a fidelity account, or automatic deposits from a bank account or fidelity cash management account to specific investments. You can set up both types of deposits, or just chose the option that best suits your needs.

Direct deposit log in required

You can have your paycheck, social security, or other pension benefits deposited directly into a fidelity account. You'll need to provide the fidelity account's routing (ABA) number and account number to your employer, government agency, or third party. Your routing numbers can be found on the direct deposit and direct debit information page log in required . You can also find them on your portfolio summary page: select an account, and at the top of the page under account name, select routing number. It may take a couple of pay periods before your direct deposit is active. Your employer should send a confirmation when the setup is complete.

Automatic deposits log in required

You can schedule regular transfers from your bank, cash management account, or investment accounts to make recurring contributions to your 529 college savings plan and IRA. If you've previously provided your bank information to fidelity, you can generally start using this feature within 2–4 business days. It may take longer if you need to add and verify new banking information.

Transferring an account or investments to fidelity

Whether you have a retirement account from a former employer or a brokerage account at another financial institution, we can help you easily transfer your accounts to fidelity.

Transfer a workplace account like a 401(k) or 403(b)

Transferring a retirement account to fidelity from a former employer is called a rollover. To roll over your 401(k), you'll transfer your money to a fidelity IRA. You may need to open an IRA if you don't already have one to roll over your account balance.

The process varies depending on the rules assigned to your account, since your former employer or plan administrator is responsible for initiating the rollover once you request it. It typically takes 7–10 minutes to complete the online form.

Transfer investment or retirement accounts

When you transfer an IRA, a brokerage account, or a health savings account (HSA) to fidelity, it's called a transfer of assets. You can choose to transfer just some of your account, or all of it.

Once you've started an account transfer, you can track the progress using the transfer tracker log in required .

How to deposit money into globex360

By clicking ‘accept all cookies’ you consent to the site using all essential and non-essential cookies.

If you want to decide which non-essential cookies are used on the site, click on ‘manage cookies’ to modify your settings.

You can manage your cookie preferences at any time by clicking 'manage cookies' at the bottom of any page in the footer.

Accept all cookies manage cookies

Essential cookies for running the website

Essential cookies help you to access the website and each of its web pages and sub domains, by enabling basic functions like cookie consent. They cannot be disabled.

Cookie consent

Stripe

Zendesk

Non-essential cookies for running the website

Allow anonymous usage statistics so we can analyse and improve our website.

Google analytics

Kochava

These cookies are set by third parties. These cookies may be used by the cookie provider to build a profile of your interests and show you relevant advertisements on other sites. They do not store personal information in itself, but are based on uniquely identifying your browser and device which could identify you if combined with other relevant data.

Google adwords conversion tracking

Google ads remarketing

Bing ads universal event tracking

Bing conversion tracking

Facebook

Snapchat

Tiktok

Functionality

To provide you with the full functionality of our website.

Youtube. We embed youtube videos with the privacy-enhanced mode on which means it will not place any cookies until you click to play the video. If you do not want youtube cookies stored do not click on the youtube embedded videos.

Save settings

How to make a deposit in another person's bank account

You may be running an errand for family, paying back money you owed someone, or even depositing money to help out a friend.

Whatever the reason, depositing money to another person's bank account can be more complicated than making a standard deposit to your own account. Knowing what types of deposits are acceptable and what information you need to bring with you is a good way to make the process easier.

Ask the person you are depositing for which bank he has his accounts with. Locate the nearest branch of that bank by visiting the website or calling the service number.

Obtain the number to the account that your deposit will go into. If the person benefiting from your deposit has a checkbook, she may have pre-printed deposit slips that already have her account number. If not, ask for the number and write it down.

Decide on the type of deposit you will make. Depositing cash or a check made out the account owner will be easiest, as these will be accepted by the bank immediately. If you have a check made out to yourself that you wish to sign over to the other person, this may be also be possible to deposit. However, while allbusiness.Com indicates that the uniform commercial code allows the ownership of a check to be transferred from one person to another, banks may refuse to accept a third party check due to the difficulty of verifying the signatures.

Visit the branch of the bank, bringing the deposit with you. If you do not have a pre-printed deposit slip, fill out a blank deposit slip with the person's account number at the bank's check writing station.

Approach a teller to make the deposit. The deposit will likely be accepted with no question, especially if you are using cash or a check made out to the account owner. If the teller asks questions about the account you are depositing into, explain that you are making the deposit on someone else's behalf and that any account issues should be discussed with that person.

If the person you are depositing for does not know their account number or you wish to deposit without the knowledge of the recipient, ask the bank teller to look up the account by the person's name. The teller can fill out the deposit slip for you, as she cannot provide you with another person's account number directly. If you and your recipient bank at the same financial institution, contact your bank to see if they have an automated method of transferring money from your account to the other person's. You may be able to complete the transaction at the branch without a deposit slip, or even online depending on your bank's capabilities.

Genevieve adams has been a freelance writer since 2007 and is also regulatory compliance analyst for a community bank in the pacific northwest. Her work, covering primarily finance, crafting and fashion, appears on various websites. She has a bachelor of arts in theater from clark honors college at the university of oregon.

Everyday banking

Your bank now in your post office

It’s a free way to access your high street bank account for personal or business customers.

*some banks may charge for selected services, please speak to your bank for details.

What is everyday banking?

What can I do?

Where and when can I do it?

Any post office

Whenever it’s open

This includes evenings and sundays (where available)

What do I need to access my account?

Your card and PIN to withdraw money, check your balance and deposit cash

Pay in cash using your card or pre-printed paying in slip

Bring a pre-printed paying in slip to pay in cheques

A branded envelope for your cheque deposit

Personal banking

The following personal banking services are now available from any post office branch:

(1) - deposit slip NOT required in cheque deposit envelope

Business banking

The following business banking services are now available from any post office branch:

Automated			manual
bank	cash withdrawal debit card	cash deposit debit card / deposit only card	balance enquiry debit card	cheque deposit envelope	cash deposit deposit slip / barcoded slip	change giving card / barcoded	change giving 'lite'
allied irish bank (GB)	✔	✔	✔	✔	✔	✖	✔
AIB (NI)	✔	✔	✔	✔	✔	✖	✔
bank of ireland	✔	✔	✔	✔	✔	✔ (2)	✖
bank of scotland	✔	✔	✔	✔	✔	✖	✔
barclays	✔	✔	✔	✔	✖	✖	✖
CAF	✖	✖	✖	✔	✖	✖	✖
cashplus	✔	✔	✔	✖	✖	✖	✖
clydesdale	✔	✔	✔	✔	✔	✔ (2)	✖
co-op	✔	✔	✔	✔	✔	✔ (2)	✖
danske	✔	✔	✔	NI only	✖	✖	✔
handelsbanken	✔	✔	✔	✖	✔	✔ (2)	✖
HSBC	✔	✔	✔	✔	✖	✖	✔
lloyds	✔	✔	✔	✔	✔	✖	✔
metro	✖	✔	✖	✔	✔	✔ (2)	✖
natwest	✔	✔	✔	✔	✔	✔ (2)	✖
RBS	✔	✔	✔	✔	✔	✔ (2)	✖
santander	✔	✔	✔	✔	✔	✔ (2)	✖
starling bank	✔	✔	✔	✖	✖	✖	✖
TSB	✖	✖	✖	✔	✔	✖	✔
ulster	✔	✔	✔	✔	✔	✔ (2)	✖
yorkshire	✔	✔	✔	✔	✔	✔ (2)	✖

(1) - deposit slip NOT required in cheque deposit envelope | (2) - change giving card

6 ways to deposit cash into someone else's account

Personal finance insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like american express, but our reporting and recommendations are always independent and objective.

You may be able to walk into a branch and deposit cash into someone else's account, but many banks are rejecting cash deposits to avoid fraud.

You can transfer money electronically through websites and apps such as venmo, paypal, and zelle.

You may send a money order for amounts smaller than $1,000, or a cashier's check for larger amounts.

A wire transfer is a tool for sending money to someone who lives far away.

Have the personal finance insider newsletter sent straight to your inbox.

There are plenty of times you'll need to give money to someone, but for one reason or another, you can't just hand them cash. In this case, you can deposit money into their bank account.

There are several ways to deposit money into someone else's bank account. The best choice will depend on which institutions you each bank with, how much money you're sending, and how much you're willing to pay in fees.

1. Deposit cash at the bank

The most basic way to move money into someone else's account is to walk into the bank and tell the teller you'd like to deposit cash. You'll need the recipient's full name and bank account number to complete the deposit.

Some banks are banning cash deposits into someone else's account, though. Handling cash can lead to fraud, so banks are steering clear. Before venturing into a bank branch to put cash in a friend's account, double check that the bank will allow you to do so.

2. Transfer money electronically

There are multiple websites and apps that allow you to transfer money to a friend. Here are some of the most popular ones:

One disadvantage to this method is that both people need to have an account with certain services, including paypal and venmo.

3. Write a check

You may choose to write a paper check and give it to the person. Or you can walk into a bank and ask the teller to deposit the check into the person's account, as long as you have their full name and account number.

Although fewer and fewer banks accept cash deposits into another person's account, many still accept check deposits.

4. Send a money order

Although you will have to pay a couple dollars for a money order, it's a worthwhile alternative if you don't already have a paper checkbook.

When you buy a money order, you'll pay the small fee plus the amount you want to deposit. For example, you might pay the $200 you want to put into your friend's account, then a $2 fee for the money order itself. You'll get a receipt, so if the deposit never goes through for some reason, you have proof of the money order.

The downside is that there's usually a limit on how much you can send with a money order. You probably won't be able to send more than $1,000.

5. Send a cashier's check

A cashier's check is similar to a money order, but there's no limit on how much you can send. Unfortunately, cashier's checks cost a little more than money orders, usually around $10.

Whereas you can get a money order at a bank, the post office, or a convenience store, cashier's checks are only available at banks.

6. Make a wire transfer

A wire transfer is a tool for moving money electronically from one banking institution to another. It can be especially useful if you don't have access to the recipient's bank. For instance, maybe you bank with a national bank but your friend banks with a local institution across the country.

You can send wire transfers within the US or internationally, and international transfer fees are more expensive. You can expect to spend $10 to $50 on a wire transfer.

Wire transfers are often for large sums of money, like a down payment on a house. Before attempting to send a wire transfer, make sure your account and the recipient's account are both set up for wire transfers.