Wire Transfer
An electronic transfer of funds across a network administered by hundreds of banks around the world. Investopedia Says:
Wire transfers allow people in different geographic locations to easily transfer money. Outside of North America, wire transfers are sometimes referred to as a 'telegraphic transfer' or t/t. Related Terms:
Bank
Check
Checking Account
Demand Draft
Electronic Check
Fedwire
Remittance Float
Routing Transit Number - RTN
Rubber Check |