Wire Transfer definition

Wire Transfer means a transaction carried out, directly or through a chain of transfers, on behalf of an originator person (both natural and legal) through a bank by electronic means with a view to making an amount of money available to a beneficiary person at a bank.

Wire Transfer means a payment in immediately available funds by wire transfer in lawful money of the United States of America to such account or accounts as shall have been designated by notice to the paying party.

Wire Transfer means a payment in immediately available funds by wire transfer in lawful money of the United States to such account or to a number of accounts as shall have been designated by written notice from the receiving party to the paying party at least three (3) Business Days prior to the Closing Date.

Examples of Wire Transfer in a sentence

• This Wire Transfer Agreement applies to wire transfers that are not "Remittance Transfers" as defined in the Electronic Fund Transfer Act (15 U.S.C. 1693o-1) and Regulation E, Subpart B (12 CFR 1005.30 et seq.).

• You agree that your Wire Transfer requests must be executed in accordance with (a) Article 4A of the Uniform Commercial Code (“Article 4A”), (b) Subpart B of Regulation J of the Board of Governors of the Federal Reserve System, and (c) the terms and conditions of any Wire Transfer agreement (a “Wire Transfer Agreement”) that we may require you to execute at the time of the request.

• You understand that once your request for a Wire Transfer has been processed, the funds will have been permanently transferred to the named Wire Transfer Beneficiary and that a stop payment order will be impossible.

• The terms and conditions contained in this section supplement the terms and conditions of our Wire Transfer Agreement to the extent that the two are not inconsistent.

• You acknowledge that Article 4A authorizes us to rely upon the numbers supplied by you to identify banks, Wire Transfer Beneficiaries and other parties to the Wire Transfer, even if those numbers disagree with the names of those parties.

More Definitions of Wire Transfer

Wire Transfer means any transaction carried out on behalf of an originator through a financial institution by electronic means with a view to making an amount of funds available to a beneficiary person at a beneficiary financial institution, irrespective of whether the originator and the beneficiary are the same person.

Wire Transfer means a payment in immediately available funds by wire transfer in lawful money of the United States to such account or to a number of accounts as shall have been designated by written notice from the receiving party to the paying party.

Wire Transfer means any transaction carried out on behalf of an originator through a financial institution (including an institution that originates the wire transfer and an intermediary institution that participates in completion of the transfer) by electronic means with a view to making an amount of money available to a beneficiary person at another financial institution.

Wire Transfer means the electronic funds transfer system of the federal reserve banks. When funds are transferred by wire

Wire Transfer means an uncondi- tional order to a bank to pay a fixed or determinable amount of money to a beneficiary upon receipt or on a day stated in the order, that is transmitted by electronic or other means through Fedwire, the Clearing House Interbank Payments System, other similar net- work, between banks, or on the books of a bank. Wire transfer does not in- clude an electronic fund transfer as de- fined in section 903(6) of the Electronic Fund Transfer Act (15 U.S.C. 1693a(6)).

Wire Transfer means any transaction carried out on behalf of an originator, who may be either a natural or a legal person by electronic means, through a financial institution, with a view to making money available to a beneficiary at another financial institution or listed business.

Wire Transfer or “Fedwire” means an instantaneous electronic funds transfer initiated by a payor.