answersLogoWhite

0


Best Answer

It means it is in progress.

In transit refers to a money transfer that is still in progress within the banking channel. The wire transfer's funds are snaking its way across to the beneficiary, and whilst it is in progress, as depending on the type of wire transfer, etc. some banks can take from a few hours to a few days for the wire transfer to be completed.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does wire transfer in transit mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What color is areal wire in ford transit?

I guess you mean aerial?. the wire is black, about the thickness of a pencil.


Do you need an account to do a wire transfer?

dO you need an account to make a wire transfer


How wire transfer is done?

How a wire transfer is done? Can the person be traced through a receipt?


What is the routing transit number for bank of America in Las Vegas?

Nevada ABA (Ordering Checks): 122400724 ACH (Direct Deposit/Automatic Payment): 122400724 Wire Transfer: 026009593


What is the difference between bank transfer and wire transfer?

A wire transfer is from one bank to another. A bank transfer is a transfer from one account to another at the same bank.


What is the mean of telecommunication?

telecommunication is the transfer of voice/data from transmitter to receiver through wire/wireless


Does Long Beach Transit accept TAP card?

No, they do not. Look at the related links for how to transfer to Metro from Long Beach Transit.


What is the history of wire transfers?

Wire transfer, bank transfer or credit transfer is a method of electronic funds transfer from one person or 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.


What is remittance in transit?

Remittance in transit refers to a cross-border money transfer that is still in progress within the banking channel. The remitter's funds are snaking its way across to the beneficiary, and whilst it is in progress, the remittance (money transfer) is called or cited as remittance in transit.


What is ktt wire transfer?

key tested transfer


How much to make wire transfers?

The amount varies. It can be free (if it is interbank funds transfer) and it can be as low as $5 for a domestic wire transfer to as high as $75 for an international wire transfer using SWIFT. Typically, international wire transfers will average about $25 per transfer.


How long will it take to wire transfer from US to Ghana?

How long will it take to do international wire transfer from US to Ghana