wire transfer

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Wire transfer

Electronic transfer of funds; usually involves large dollar payments.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

wire transfer

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Second, make sure any wire transfer is associated with, and maps to, an actual purchase order inside the accounting system.
During that period, the firm processed more than 17,000 third-party wire transfers totaling more than $880 million.
This insurance coverage dispute arises from a loss caused by the Bank's payment of two fraudulent wire transfers from the Edwards Living Trust, which the Bank reimbursed.
Based on the coding discussed on page 4, counties as a whole were found to be using the ACH for multiple disbursements and just one collection activity while the wire transfer is utilized for just one disbursement and collection activity.
Each wire transfer should have required the additional approval and signature of a bank officer.
"The problem the advisor has is that they want to provide great service" in making sure a wire transfer happens quickly, but without the proper safeguards, "they might hear the next day or two" that the transfer was fraudulent.
Ameriprise subsequently processed these forged wire transfer requests and disbursed the funds without any inquiries.
He then used this information to initiate fraudulent wire transfers from the company's bank account.
Nur also sublets to Barakat Wire Transfer. And that appears to be the one the Customs agents were interested in.
* Be sure your prospects know the various ways they can pay you, such as U.S.-dollar checks, foreign-currency checks, international credit cards, local cards, giro,, direct debit, wire transfer.
Although a wire transfer initially contains information about the sender or originator of the transfer, as the transfer passes through several banks before reaching the beneficiary's account, the identification of the originator is often dropped.
One of the top trends identified by the authors for the first half of 2000 was the use of complex wire transfer transactions through shell companies.