wire transfer

noun
Updated on: 15 Nov 2017

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


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