What is telegraphic transfer?

[Hari priya]

 Explanation: A telegraphic transfer payment commonly used for import/export trade, between a bank and an overseas party enabling transfer of local or foreign currency by telegraph, cable, or telex. It is also called a cable transfer.

Example: Transfer funds from local bank to other bank in India through our correspondent banks around the world with telegraphic transfer. Also you can open a rupee or foreign currency Fixed deposit through remittance via wire/Telegraphic transfer.

[lavanya]

A telegraphic transfer (TT) is an electronic method of transferring funds. Telegraphic transfer are used primarily for overseas wire transaction. These transfer are used most commonly reference to CHAPS, clearing house automated payment system, transfers in the u.k banking system.

[wesley]

* Electronic method of transferring funds abroad.

* Primarily used for overseas wire transactions.

* A transfer charge is often charged by the sending banks and in some cases by the receiving banks.

* It is also known as telex transfers.

 

[Vishnu varadhan]

• Telegraphic transfers are electronic payments of cleared funds that are credited directly to a nominated bank account.
• It is a fast and reliable way for you to make international payments almost anywhere in the world.

[Jayalakshmi. j]

A telegraphic transfer is an electronic method of tranfering funds telegraphic are used primarily for overseas wire transaction. These transfer are used most commonly in reference to CHAPS, clearing House auto mated payment system, transfers in the UK banking system.

[Author]

Posts