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What is wire transfer?

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Question added by Mohd Mustaqeem , Executive Secretary , SAUDI PAN KINGDOM CO
Date Posted: 2014/12/30
Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

A wire transfer is the direct transfer of funds from the payer's account at one bank to the payee's account at another bank.

 

Mohd Asif Ansari
by Mohd Asif Ansari , HR Administrator , Al Nasseej Al Arabi Factory Co. Ltd.

Wire transfer or credit transfer is a method of electronic funds transfer from one person or institution (entity) 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.

Mohd Mustaqeem
by Mohd Mustaqeem , Executive Secretary , SAUDI PAN KINGDOM CO

THANKS FOR YOUR ANSWERS. I AGREE TO ALL

Deleted user
by Deleted user

What is wire transfer

 

Bank transfer process of converting a sum of money between the bank and the last

Banking conditions

And may transfer private companies between states

 

souha safir
by souha safir , إدارية , قطاع التربية

Is a way to transfer money electronically from one person or organization to another. It can make a wire transfer from a bank account to another or through the Office for the transfer of cash from one person to another.

Ghanendra Mishra
by Ghanendra Mishra , Social Worker , International Organization for Migration

An electronic transfer of funds across a network administered by hundreds of banks around the world. Wire transfers allow for individualized transfer of funds from single individuals or entities to other individuals or entities, while still maintaining efficiencies of fast and secure movement of funds.

Irina Chepel
by Irina Chepel , Personal trainer , Freelancer

Mr. Divyesh answered shortly and correct! ))

Muhammad Salman
by Muhammad Salman , Finance Manager , Alpha Medical Company

wire transfer is actually Telex transfer. which is done by one party to an other party via bank or any exchange company, to the bank

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

agree with all answer

Mukesh Varadhan
by Mukesh Varadhan , Administration Manager , M/s. Triton Health Care

Agreed to the answers of Mr. Divyesh and Mr. Mohd Asif.

padmakumar pathiyil
by padmakumar pathiyil , Marketing Consultant , Management Consultancy

It is the electronic funds transfer from one bank account to the other.

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