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 of America to such account or to a number of accounts up to, but not in excess of, fifteen accounts, as shall have been designated by written notice to the paying party.

Examples of Wire Transfer in a sentence

  • Wire transfer requests received on a non-business day or after hours on a business day will be handled the next business day.

  • Outbound or Inbound U.S. Domestic Wire $10.00 fee for each U.S. Domestic Wire transfer to or from each account.

  • Wire transfer requests will not be accepted through any other medium.

  • Wire transfer refers to the transfer of funds through the Fedwire® Funds Service of Federal Reserve Banks or other means.

  • Wire transfer payments must include the bank information described in the invoice.


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.