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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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16y ago

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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 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 form mt103 used for?

Telegraphic Transfer Form.


What does tt mean in shipping terms?

Telegraphic Transfer.


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