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 ?
Nearly $80 trillion of money is sent via a wire transfer or bank account globally today, but the process is harder and more complex than it should be.
It explained that a simplified layout design will improve readability by helping users better access frequently used functions including balance inquiry, wire transfer, foreign currency remittance and other services.
HSBC Holding's (LSE: HSBA) Canadian unit has said that it has cut its foreign exchange wire transfer fees for personal banking customers.
3) While it is highly desirable to remit funds through wire transfer from the banks where the declarants or their immediate family members are maintaining the bank accounts, the declarants having bank accounts outside Pakistan but presently residing in Pakistan can also pay the tax in dollars by depositing the dollars cheques with the authorized branches of National Bank of Pakistan in Pakistan for collecting the proceeds for the SBP account in NBP New York.
Aside from the 74 arrests, the agencies recovered around $14 million in wire transfers and seized $2.4 million, according to the press release.
officials, BEC scams may involve fraudulent requests for checks rather than wire transfers; they may target sensitive information such as personally identifiable information (PII) or employee tax records instead of, or in addition to, money; and they may not involve an actual "compromise" of an email account or computer network.
Numerous wire transfers from individuals in Chechnya were deposited into the account ending in 9960 which were followed by purchase of firearms parts well as disbursements to E Rezvanov, C Sydykov and others involved in the conspiracy.
Armed with the firm's trust account number and posing as the paralegal, the thief emailed CenterState Bank and requested a $120,691.86 wire transfer to a fictitious Wells Fargo account named, "Peele luck Trades Inc."
The Ministry of Finance is drafting amendments to the wire transfer law so that the Public Revenue Office (RPO) can also have access to all the money that citizens receive from their family and friends abroad.
The NIA claimed so far that he had received a total of nearly Rs 4.5 lakh through eight international wire transfers.
The House may soon be considering a bill that would add a fee of 2 percent plus $10 to all wire transfers sent out of state.
TELECOMWORLDWIRE-December 1, 2016-ACH Alert provides ability to stop unauthorized wire transfers in real time