Question about Wire Transfers Vs Bank Transfer?

[Fili Aguirre]

I talked to my banker today, and told me wire transfers are used when sending money to a different bank, when individuals are working different banks. And its called "bank transfer" when they're using the same bank. Isn't it the same?

[Justin Sullivan]

I am not a banker, I do know that it is much easier to send money to someone using your same bank as opposed to using a different bank. So that would make sense that one is a bank transfer and the other a wire transfer. I know when I do transfer with persons at my same bank they clear faster or immediately as opposed to other banks