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Wire transfer

• An electronic communication that, via bookkeeping entries, remove funds from the payer's bank and deposit them in the payee's bank, thereby reducing collection float.

 
 Embedded terms in definition
 Collection float
Float
 
 Related Terms
 Bank wire
Book transfer
Depository transfer check
Transfer agent
Transfer price
Wire house

<< Wire house Wireability >>

Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

Give the people not hell, but hope and courage. - John Murray

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