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Telegraphic transfers are bank to bank transfers, which are normally done through internet Banking and you dont need to physically go to the bank to make the transactions. This cuts down time, money and resources if you make international payments very often.
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What does TT stand for in banking?
Telegraphic Transfer
What does payment by ktt mean?
The term Telegraphic Transfer ot Telex Transfer, often abrreviated to "TT", is an electronic means of transferring funds overseas, A transfer charge is collected while sending money. A banking term commonly call T/T, meaning cable message from one bank to another in order to effect the transfer of money. It is most often in UK Banking to refer to a CHAPS transfer, that is a payment made via the Clearing House Automated Payments System. The term is also used to describe other electronic funds transfer methods and incorrectly, BACS (Bankers Automated Clearing Services) and the AFTS (Automated Funds Transfer System) payments.
What is government transfer payment?
Social Security
Can you send telegraphic transfer from bnorphmm to cibbmykl?
Don't be stupid. cibbmykl is under an International Trade Embargo due to human rights violations, so no liquid funds going into or out if it.
What is a private transfer payment?
Payment by citizens without reciprocation, i.e. donating to charity or a relief fund.
What is meant by payment term TT?
Payment term TT stands for Telegraphic Transfer, which is a method of payment where funds are transferred electronically from one bank account to another. TT payments are commonly used in international trade transactions as a secure and quick way to exchange funds.
What is LC DA DP TT payment options?
LC = Payment thru Letter of Credit DA = Payment against acceptance DP = Payment against receipt of document TT = Telegraphic transfer
What does MT103 in banking stand for?
MT 103 means Wire transfer, Cable transfer, telegraphic transfer of the funds from one account to another account with out any conditions.
Is telegraphic transfer safe?
not sfe
What does TT stand for in banking?
Telegraphic Transfer
What does tt mean in shipping terms?
Telegraphic Transfer.
What is form mt103 used for?
Telegraphic Transfer Form.
What is the fullform of TT in bank transaction?
Telegraphic Transfer
What is the meaning of tt?
The meaning of TT reimbursement is telegraphic transfer reimbursement. Often this term will be followed by the world allowed, or not allowed. This alerts you to weather a telegraphic transfer reimbursement is allowed or not.
What is the meaning of tt reimbursement?
The meaning of TT reimbursement is telegraphic transfer reimbursement. Often this term will be followed by the world allowed, or not allowed. This alerts you to weather a telegraphic transfer reimbursement is allowed or not.
How do you do a telegraphic transfer to a bank account?
Western Union can do transfers for you but there is a fee
What does Telegraphic transfer mean?
Transfer of information over a telegraph network (not many - if any - left in the modern world!).
