wire transfer

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Wire transfer

Electronic transfer of funds; usually involves large dollar payments.

Wire Transfer

The direct, electronic transfer of funds from one bank account to another. Wire transfer is instantaneous and is a fairly common way to send funds to another party very quickly. However, wire transfers sometimes have higher fees than, say, writing checks. Outside North America, wire transfers are sometimes known as telegraph transfers.

wire transfer

References in periodicals archive ?
Casual workers on other hand received 97 per cent of their payments in cash, seven per cent mobile money with less than two per cent receiving via bank transfer.
BANKING AND CREDIT NEWS-August 13, 2019--Venmo offering instant bank transfers
The voluntary code marked a significant step forward in the fight against bank transfer fraud.
Okunade said the complainant received a fake bank transfer alert from the defendant that showed the transaction was successful.
He says that he sent the money by bank transfer because the firm offered a 10% discount, but then received a computer with only half the memory.
As for the reason it prefers payment by bank transfer, he admitted that the business does not have a credit card facility.
For the bank transfer details contact the Arthurlie committee.
The payments will be made by bank transfer during August 2019.
People who are tricked into making a bank transfer themselves, perhaps because they believed an email, text or cold call from a fraudster was from a legitimate body such as a bank, a business or HM Revenue and Customs (HMRC), have ended up losing large amounts of money.
Avoid paying for goods and services by bank transfer as that offers little protection should you become a victim of fraud.
They are much cheaper than bank transfers, and allow companies to have better control and recording of their payments.
Once the 'authorised push payment' bank transfer takes place a loophole means victims have no legal right to get their money back.