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What is a telegraphic transfer or SWIFT transfer?

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What is a telegraphic transfer or SWIFT transfer?
in Tourism by ♦ Diamond (55,179 points) | 16 views

1 Answer

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Telegraphic transfers  are a method of electronic funds transfer from one person or institution 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. Wire transfer systems are intended to provide more individualized transactions than bulk payment systems.
by ♦ Diamond (55,179 points)

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