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What is a Telegraphic Transfer payment?

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.


What country use key tested telex money transfer in Africa?

I want to know which bank in Africa that useses key tested telex


How do transfer money from Africa bank to American bank and if it is a deposit which state unexpressed transfer of funds what does that mean?

Hold on there Bucky! This sounds like a scam. Contact your bank for legitimate stuff. Nobody is going to send you money from Africa. But they will empty your bank account for you.


WHAT DOES FL TLR TRANSFER MEAN AT BANK OF AMERICA?

FL TLR transfer at Bank of America typically refers to a specific type of fund transfer, likely involving a "funds transfer" (FL) and "telegraphic transfer" (TLR), which is often used for international money transfers. This process allows customers to send money securely and quickly between accounts, either domestically or internationally. If you need specifics about fees or procedures, it's best to consult Bank of America's official resources or customer service.


What does it mean by buying TT or OD or selling TT or OD in foreign exchange?

When buying or selling foreign currency, "TT" stands for telegraphic transfer, which refers to electronic transfers of funds between banks. "OD" stands for on demand, which refers to transactions that are processed immediately. Buying TT means purchasing foreign currency through a telegraphic transfer, while selling TT means selling foreign currency through a telegraphic transfer. Buying OD means purchasing foreign currency for immediate delivery, while selling OD means selling foreign currency for immediate delivery.

Related Questions

What is Telegraphic Money Transfer?

the telegraphic money order allows the Post Office of the sender to send a telegram advice to the receivers post office for an additional fee.


How do you receive money from Singapore instantly?

You can receive money instantly from Singapore using the RegionLink Instant Funds Transfer method and at the same cost as that of Telegraphic Transfer.


What is paid in advance by TT?

"Telegraphic transfer", pay in advanced and then they send you the product. Usually has costs involved with transfer of money, which depends on the bank which you transfer from.


How can one perform a telegraphic transfer?

A telegraphic transfer can be performed by visiting money gram, western union, and your local bank. This form of transferring has been in existence since the wild west and is still heavily used today.


How can one send money from India to US?

The best way is to approach your bank and TT (Telegraphic Transfer).


How is a money transfer done?

Go to the bank and ask them you want to do a Telegraphic Transfer, they will then give you a form to fill in, you will need to know the bank details and name of person of where the money is going.


Telegraphic money transfer through a bank to bank from New York City Bank to my bank in Lyons Nebraska How long does it take?

The transfer is instant.


How long does it take to send money using Telegraphic Transfer from UK to Kenya?

it takes up to 3-4 days


What does Telegraphic transfer mean?

Telegraphic transfer is a method of electronically transferring funds from one account to another. It involves sending payment instructions from a sender's bank to the recipient's bank, typically for international payments. It is a secure and efficient way to send money quickly.


What is a Telegraphic Transfer payment?

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.


What country use key tested telex money transfer in Africa?

I want to know which bank in Africa that useses key tested telex


What type of money is used in Taiwan?

Taiwan money