No. While direct deposits are processed overnight, wire transfers are processed and deposited instantly. This usually means that the wire transfer can be sent and deposited within the same day. (For international transfers, it usually takes an extra day or two to process.) Unfortunately, this speed does not come without cost. For example, at Axos Bank, outgoing domestic wire transfers cost $35 and international wire transfers are $45. Incoming wire transfers are free. As such, direct deposit is the cheapest option to get paid.