Money Transfer

Money transfer generally refers to one of the following cashless modes of payment or payment systems:

  • Wire transfer, an international expedited bank-to-bank funds transfer
  • Electronic funds transfer, an umbrella term mostly used for bank card-based payments
  • Email Money Transfer, an online banking transfer between Canadian banks
  • Giro, also known as direct deposit
  • Money order, transfer by postal cheque, Money Gram or others
  • Paypal, transfer by email on Paypal.

It can also refer to the following cash-based wire transfer systems:

  • al-Barakat, an informal money transfer system originating in the Arab world
  • Hawala (also known as hundi), an informal system primarily used to send money to and from the Middle East, North Africa, the Horn of Africa, and South Asia
  • Remittance, transfer of money by a foreign worker to his or her home country

Famous quotes containing the words money and/or transfer:

    “The disaster ... is not the money, although the money will be missed. The disaster is the disrespect—this belief that the arts are dispensable, that they’re not critical to a culture’s existence.”
    —Twyla Tharp (b. 1941)

    “If it had not been for storytelling, the black family would not have survived. It was the responsibility of the Uncle Remus types to transfer philosophies, attitudes, values, and advice, by way of storytelling using creatures in the woods as symbols.”
    —Jackie Torrence (b. 1944)