The most expedient method for transferring funds is remittance by electronic transmission. A wire transfer is a message to the receiving bank requesting them to effect payment in accordance with the instructions given. The message also includes settlement instructions. A wire transfer is virtually instantaneous, requiring no longer for transmission than a telephone call, but processing time by the receiving bank will vary. Foreign wire transfer requests are taken until 3:00 CST for same day processing. The value date for U.S. dollar transfers is the next business day. The value date for foreign currency transfers is two business days after the date of the request. Wires that are destined for countries roughly within our time zone (three zones plus or minus) can be transmitted with a value date that corresponds with the date of the wire. Delays can be avoided by having complete remittance information, including the name, address, and account number of the payee, and the name and location of the payee’s bank.