Our Transfer API is an incredibly versatile way of moving funds; you can send funds from your account balance to local bank accounts around the world. Additionally, you can specify differing source and destination currencies and the funds will automatically exchanged into the appropriate currency in our backend. For example, a common use case is to move funds from a USD Wyre balance into a Brazilian BRL bank account.
Anytime you want to move funds around on the Wyre platform you will create a Transfer. The Transfer will go through a number of states as funds are moved to the destination of your choice.