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A Ledger transfer is usually internal to a bank or amongst banks (for example the central bank and a commercial bank). A wire transfer is the electronic moving of money, using essentially the principle of a ledger transfer, but applied more globally and broadly.

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12y ago

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Who does ledger to ledger transfer?

Ledger to ledger bank transfer refers to old-fashioned banking phrase used to describe transfer of money between accounts in a financial institution. This ledger transfer is a very important since it provides for automatic money transfers into savings accounts.


How do you fill out corporate stock certificates and the transfer ledger?

how to fill a membership transfer ledger book


Do you need an account to do a wire transfer?

dO you need an account to make a wire transfer


Can you reverse a wire transfer?

No, once a wire transfer is completed, it cannot be reversed.


What do mean book to book transfer?

A book in a book transfer is typically an underlying understanding, which means within the same ledger books of a bank or financial institutions. Every Bank or FI maintains their core banking via certain ledger systems which were earlier called as ledger books (maintaining account balances, cash in bank, expenses, revenues etc.). The book transfer evolved from the same thought of movement of fund within same ledger book. So its Book Transfer.


How wire transfer is done?

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


Have you ever received a wire transfer by mistake?

No, I have never received a wire transfer by mistake.


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.


Can you recall a wire transfer that you have made in the past?

Yes, I can recall a wire transfer that I have made in the past.


What is the bank address for wire transfer?

The bank address for wire transfer is the physical location of the bank where the transfer is being sent or received.


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.


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.