Wire transfer

Wire transfer,

Definition of Wire transfer:

  1. A wire transfer is most often used to transfer funds from one bank or financial institution to another. No physical money is transferred between banks or financial institutions when conducting a wire transfer. Instead, information is passed between banking institutions about the recipient, the bank receiving account number, and the amount transferred.

  2. An order to transfer funds issued by means of a telegraphic (now also electronic) message.

  3. Electronic transfer of funds through the cable and wireless networks that unite the worlds banking system. Also called cable transfer or bank wire.

  4. A wire transfer is an electronic transfer of funds via a network that is administered by hundreds of banks and transfer service agencies around the world. The transfer can also be made in cash at a cash office. Wire transfers allow for the individualized transmission of funds from single individuals or entities to others while still maintaining the efficiencies associated with the fast and secure movement of money. By using a wire transfer, people in different geographic locations can safely transfer money to locales and financial institutions around the globe.

How to use Wire transfer in a sentence?

  1. Senders pay for the transaction at the remitting bank and provide the recipient's name, bank account number, and the amount transferred.
  2. International wire payments are monitored by the Office of Foreign Assets Control to ensure the money isn't being wired to terrorist groups or for money laundering purposes.
  3. A wire transfer is a transfer of funds done electronically across a network of banks or transfer agencies around the world.
  4. Most wire transfers can take as long as two business days to process.

Meaning of Wire transfer & Wire transfer Definition

Wire Transfer,

Wire Transfer Definition:

  • Wire Transfer refers to An electronic payment service used to transfer funds (such as the Federal Reserve Cable Network or a clearing house interbank payment system)

  • Point-to-point money transfers are made through wire transfers or through networks such as the Federal Reserve's wired network (also called feed wire). See related questions related to bank transfer.

Literal Meanings of Wire Transfer

Wire:

Meanings of Wire:
  1. Install circuit or cable.

  2. Wire, tie or reinforce.

  3. Send a telegram or cable to

  4. Traps with wire (animals)

  5. Objective obstruction (ball, kick or player).

  6. The metal is pulled into a thin wire or flexible rod.

  7. A hearing aid that can be hidden from anyone.

  8. Telegram or grass cable.

Sentences of Wire
  1. Connector cable

  2. They bandaged their jaws

  3. Copper wire coal

  4. By secret police wire

Transfer:

Meanings of Transfer:
  1. Move from one place to another.

  2. Change your location, route or mode of transport while traveling.

  3. Transfer ownership (ownership, rights or responsibilities) to another person.

  4. Change the meaning of a word or phrase by extension or metaphor.

  5. Move something else.

  6. Small, color maps or drawings on paper that can be moved to other levels by pressing or heating.

  7. Changes in place, route or mode of transportation during travel

Sentences of Transfer
  1. After that night I fell asleep on the sofa before settling into my room.

  2. John advised him to go to the train station from Rome airport.

  3. We transfer all planning responsibility to local authorities.

  4. On the other hand, between Latin and English, the meaning is shifted by the inhabitants

  5. Transfer of wealth to the poorest countries

  6. Iron transfer t-shirt

Synonyms of Transfer

transplant, redirection, delegate, consign, surrender, relocate, give, transference, relocation, carry, shift, switch, make over, remove, change, pass on, resettle, movement, removal, handover, moving, changeover