wire transfer

noun

Definition of wire transfer

: a transfer of funds (as from one bank account to another) by electronic or formerly by telegraphic means … has steadily built alliances with financial-service providers … enabling it to offer services such as bargain-priced money orders and wire transfers.— Wendy Zellner

First Known Use of wire transfer

1878, in the meaning defined above

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The first known use of wire transfer was in 1878

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