What does Wire Transfer mean? - Definitions.net.
Western Union: Financial services corporation that specializes in the transfer of money from one location to another location. The company is based out of the United States, but processes financial transactions from across the world. Individuals deposit money at one of the company's kiosks and then the receiver is able to pick-up the funds at.
NEFT, RTGS and IMPS are three platforms that enable instant money transfers. Electronic money transfer or wire transfer refers to transfer of money from one bank account to another carried out.
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Definition of Wire Transfer in the Definitions.net dictionary. Meaning of Wire Transfer. What does Wire Transfer mean? Information and translations of Wire Transfer in the most comprehensive dictionary definitions resource on the web.
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SWIFT MT202: General Financial Institution Transfer. COLOPHON Title Format Description SWIFT MT202 Version, date 1.2, June 2015 On behalf of Corporate Client Channels Contact address Rabobank Nederland, Croeselaan 18, Postbus 2626 3500 HG Utrecht Rabobank, 2015 No part of this publication may be reproduced in any form by print, photo print, microfilm or any other means without written.
A wire transfer simply moves the funds from the customer's account into the wire system. I have experienced delays of three to five days between the transfer order and the receipt of funds in international wire transfers, and delays of one or more days in domestic transfers either due to the wire system bottlenecks or the transfer across time zones.