wire transfer

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Also found in: Financial.

wire transfer

Sending money electronically from one account to another. See EFT.
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The patent focuses on international wire transfers and could make international wire transfers quicker.
com)-- A new hacking method targeting the handling of wire transfers is causing tremendous problems and financial losses in the Real Estate Industry.
Wire Transfers to Latin America 60 %, Long Distance Phone Cards 20 %, Bill Pay 20%, serving the Latin American community in West Palm Beach for Money Wire transfers, Payment center for FPL, Gas, Water, Cable T.
Brad Bennett, Executive Vice President and Chief of Enforcement, said, "Ameriprise and its affiliated clearing firm missed numerous supervisory red flags, including the fact that two of the wire transfers went to accounts in Guelinas' name.
Prosecutors alleged that from 1995 until 2007, Lloyds agents in Britain and Dubai "falsified outgoing US wire transfers that involved countries or persons on US sanctions lists".
Foreign workers abroad send home an estimated US$180 billion in the form of remittances--cash wire transfers sent home.
The survey focused on: the perceived value of sending or receiving remittance information with the payment, preferences for specific remittance information and practices surrounding notification of wire transfers sent or received.
For example, 2005 marked the first time that wire transfers were the predominant way scammers collected money.
ARIZONA LAWMAKERS worried about illegal immigration have paired an old idea, an anti-immigrant wall, with a new one: a state tax on bank wire transfers to and from other countries.
Though written to catch suspicious transactions like large cash deposits or unusual wire transfers from foreign sources, experts say that fear of noncompliance with the regulations has scared some in the financial community into filing Suspicious Activity Reports at even minor discrepancies.
Federal authorities estimate that some $25 million laundered from wire transfers to Somalia may have been used to support terrorism.
Other services worth exploring: wire transfers and letters of credit.