[tialaramex]

Wire transfers are literally nineteenth century technology. They're a bad choice today for transactions of any value.

They're amazing if, in fact, you don't yet have the Public Switched Telephone Network, and so ordinarily data moves no faster than a horse in your culture. And they're completely astounding if you do not yet have the Universal Postal Union and so ordinarily data doesn't move over long distances at all.

But if you live in the mid-20th century or later you can do better. "Let's make wire transfers free" is one of those ideas which you'd come up through lack of imagination. There's an apocryphal Henry Ford quote about customers wanting "faster horses" but more recently when people had no idea they all wanted a handheld computer we told them it was a "mobile telephone" so they'd buy it and we could let them discover they've never wanted a telephone anyway but they did actually want a handheld computer.