wire transfer

(redirected from Money Transfers)
Also found in: Encyclopedia.

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 ?
It is noted that the 3.92% annual growth rate has been recorded in money transfers from Azerbaijan.
The money transfers of individuals from Tajikistan to Russia decreased more significantly by 30.9%, from $42 million to $29 million in the same period of this year.
At the same time, the measure compels remittance agencies to adhere strictly to the terms and conditions of their money transfer.
Tagaza stressed the need for modern digital money transfer to the Philippines.
Tagaza said overseas Filipinos (OFs) in Canada and other clients would benefit most from this new partnership with Crosslinks Money Transfer.
Western Union's digital services in Malaysia enable direct money transfers for payout at Western Union's retail network of more than half a million agent locations in more than 200 countries and territories, or directly into billions of bank accounts worldwide.
Santa Clara, CA, November 19, 2018 --(PR.com)-- CompareRemit, a leading online money transfer comparison marketplace, has announced the launch of a new corridor from Canada to India.
Money transfers between Turkey and Azerbaijan are also carried out via international money transfer systems, namely, "Western Union", "Golden Crown", "Contact", "Universal Payment Transfer".
Money transfers from the wallet can be sent conveniently to other Panalo Wallets in the Philippines or for pay out in cash across over 525,000 Western Union Agent locations around the world or to bank accounts in select countries.
Once admission is procured, parents rush to pay fees- and discover that traditional cross-border money transfers via banks and money transfer operators (MTOs) are plagued with high transfer fees, hidden charges, extended delays and lack of transparency.
WorldRemit launched money transfer operations to the region with the United Arabs Emirates in 2013, and has grown rapidly since then.
Moreover, almost 70% of transfers to these countries are conducted informally, since the high cost of formal money transfers is a major barrier to accessing formal remittance channels.