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 ?
During that period, the firm processed more than 17,000 third-party wire transfers totaling more than $880 million.
Once the target emails have been identified, they hone in on them and monitor all of the emails between the parties, essentially eavesdropping as details of the bank accounts and wire transfers are discussed.
Brad Bennett, Executive Vice President and Chief of Enforcement, said, "Ameriprise and its affiliated clearing firm missed numerous supervisory red flags, including the fact that two of the wire transfers went to accounts in Guelinas' name.
Furthermore, there were at least three other occasions when Ameriprise initially rejected Guelinas' forged wire transfer requests, including one for questions over a signature, which the rep then resubmitted on either the same day or the next day.
UFP's newly imposed $1 million credit limit, its more restrictive 1% 7 days net 8 credit terms and required payment by wire transfer shortly before the onset of the preference period were so extreme and out of character with, and so drastically changed, UFP's and Hechinger's prior relationship as to render the payments non-ordinary between UFP and Hechinger, despite the fact that the payments were timely.
The same day that agents raided Barakat, Customs cracked down on other wire transfer companies in Boston, Minneapolis, and Columbus, Ohio.
170 occurred until the intermediary made a wire transfer of money to the charity.
While Article 4A generally covers all funds transfers, the most common form of a finds transfer is the wire transfer.
While a currency transaction is essentially a two-party transaction, a wire transfer generally involves four or more parties, including institutions and customers with no relationship to the institution that would be required to keep records.
In a bid to give more importance to online transactions, Bank of America Corp (NYSE: BAC) has announced that it is planning to eliminate wire transfers from branches.
Angelides said he was sending a letter to the chief executive officers of each bank, asking them to sign a commitment pledge to waive any wire transfer or processing fee.
With our wire transfer system, we can immediately transmit both repetitive and free-form wire transfers.