What is the difference between Wire, and Direct Deposit?

A direct deposit is a currency transfer by a payer directly to the payee’s bank account – and can take place using several different methods.
The most common direct deposit method is a local bank transfer from within the same country, using local currency.
Another way to direct deposit is with a bank wire – using the SWIFT system. Bank wires are usually international & can be in any currency. Bank wires can take anywhere from a few hours up to 48 hours.