WIRETRANSFER

Wire transfer

Wire transfer or credit transfer is a method of electronic funds transfer from one person or institution to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office, such as Western Union. Wire transfer systems are intended to provide more individualized transactions than bulk payment systems such as the US ACH and Check21 systems.

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wire transfer

Noun

  1. A transfer of funds between banks by electronic means.


The above text is a snippet from Wiktionary: wire transfer
and as such is available under the Creative Commons Attribution/Share-Alike License.

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