An automated banking system for wire transfer of funds is provided with a machine where the user has a card to identify the user as being qualified to use the banking system. The user must know and be provided with the transferee's bank number and the transferee's account number. Preferably, the user knows the routing number and the user inputs the routing number at the machine which is preferably an ATM machine that accepts and dispenses cash. The user may pay for the wire transfer at the machine by cash, a credit card, debit card, smart card or a withdrawal from the user's account. The machine has card readers and means for writing down on a card the amount paid therefrom for this wire transaction. The user is assured by the verification that the wire transfer is to the proper receiving account.