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Wire Transfer - The transfer of funds to another location through a correspondent bank by telephone or telegraph.
wire transfer
An electronic transmission of money from one place to another. For example, you might request that your bank transfer money from your bank account in Vancouver to the account of a relative in Quebec City.
Wire Transfer: An electronic transfer of funds from one financial institution to another.
Wire Transfer
With wire transfer, we deposit money electronically into your account or the account you designate (this can be a business or another person's personal account). There is a service fee associated with a wire transfer.
Wire Transfer - An electronic transfer of funds across a network administered by hundreds of banks around the world.
Wire Transfer. The transfer of money between two banks using a wire transfer system or the Federal Reserve's transfer system.
WIRE TRANSFER - A type of electronic fund transfer that guarantees immediate available funds or same day settlement. The payments are conducted on the Federal Reserve System’s federal wire (Fed Wire) network.
Bankwire Transfer: Transfer of funds to any bank within the Federal Reserve System.
Batch: The accumulation of captured (sale) transactions waiting to be settled. Multiple batches may be settled throughout the day.
Are wire transfers considered cash?
Wire transfers are not considered to be cash and no Form 8300 is required to be filed.
Wire Transfers One of the two major methods of electronic funds transfer. Only the payer can originate the remittance.
Wire Transfer:
A transfer of funds from one point to another by wire or network such the Federal Reserve Wire Network (also known as FedWire).
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A wire transfer system for high-value payments operated by the Federal Reserve System.
Fiduciary
One who must act for the benefit of another party.
Fed Wire transfers are immediate transfers of funds, and are effective usually within minutes of the time a payment is initiated.
Clearing House Interbank Payments System (C.H.I.P.S.) An international wire transfer system for high-value payments operated by a group of major banks. Clearing member A member firm of a clearing house.
wire transfer An electronic transfer of funds. Wire transfers can be done by a simple bank... witching hour See double witching hour, triple witching hour.
For instance, wire transfers, bank drafts etc. Wire transfers are more or less one of the easiest and quickest ways of transferring money to India.
The most recent addition to the UCC, Article 4A, covers corporate-to-corporate electronic payments, such as wire transfers and automated clearinghouse credit transfers, and has been adopted by most states.
FBO - Refers to For Benefit Of. Term is often used in wire transfer instructions. Here, it indicates th...
FBWT - in finance, is Fund Balance With Treasury.
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Depository institutions also operate the payments system where bank balances are shifted between parties through checks, wire transfers, and credit and debit card transactions.
The Federal Reserve plays a major role in the nation's payments mechanism through distribution of currency and coin, check processing, wire transfer of funds, ...
Automated Clearing House
Electronic bill payment Â- Giro
Wire transfer Â- Cheque
Banking terms ...
An electronically based rather than paper-based system of transferring funds to and from accounts. Two main EFT remittance methods are wire transfers and automated clearing house (ACH).
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Issue checking and savings accounts, and credit cards
Cash checks
Facilitate money transactions such as wire transfers and cashiers checks
Issue ATM and debit cards
Storage of valuables, particularly in a safety deposit box ...
Use a State Bank of India branch located in your current country of residence to send a draft or wire transfer to...
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Multi-Currency Accounts - Foreign currency accounts held in one central location. These accounts facilitate multiple currency wire transfer settlement services for receipt and payment of funds.
A transfer is the remittance of a sum of money to a party in another place. This may be accomplished by mailing cash or drafts or using the services of a commercial bank or a wire transfer company for a fee.
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It may also be possible to initiate wire transfers to yourself or third parties simply by filling out a form online and then confirming via an e-mail.
A department within a brokerage firm that receives customers' orders and transmits the orders to the exchange floor or the firm's trading department.
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credit and debit money transfers, including direct deposits - which occur when you authorize your employer or other payer to automatically deposit payroll into your bank account - debit card and ATM transactions, online bill payment, wire transfers, ...
How much are commissions? Are there any other transaction or advisory fees? Fees for not maintaining a minimum balance? Account maintenance, account transfer, account inactivity, wire transfer fees or any other fees?
Very large payments, and global payments, are frequently set up as "wire transfers." This method enables the purchaser to retain use of funds (and the ability to generate investment income on those funds) until the very last minute.
When this occurs, a margin call is issued , and you are required to deposit additional funds to bring the account back to the amount of the initial margin. Depending on your brokerage firm, you may be asked to deposit the funds, via wire transfer or ...
Starting in September 1981, the Fed charged banks for a range of services that it had provided free in the past, including check clearing, wire transfer of funds and the use of automated clearinghouse facilities.
Footnote R To be used by mutual funds with redemption fees, contingent deferred sales charges, or other charges deducted from net asset value upon redemption other than charges for special services such as wire transfer).
The US bank thus faces vigorous competition, compelling it to offer a wide range of convenient services such as taking deposits, issuing checking and savings accounts, lending money, cashing checks, providing wire transfers, issuing cashiers checks, ...
Such electronic transactions (or wire transfers) take the place of paper checks.
 See also: Banks, Expense, Member bank, Saving, Payments system
  
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