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 of lawful money of the United States of America to such account or accounts as are designated by notice to the paying party.

Examples of Wire Transfer in a sentence

• If Customer wants a Wire Transfer to be made on the same day as the request for such a transfer is made, Customer shall request such Wire Transfer on or before Bank’s deadline for such transfers.

• All your Wire Transfers made through the Wire Transfer Service will be described on your periodic Account statements.

• Customer understands and agrees that Wire Transfer Requests and Change Requests are generally effected through automated processes, that the persons conducting such operations do not have knowledge of Customer's unique circumstances, if any, even though such circumstances may be known to other persons within Bank, and that it is not the duty of persons possessing such knowledge to communicate it to persons responsible for wire transfer operations.

• Customer agrees to indemnify and hold Bank harmless for all expenses, costs or other liabilities incurred by Bank in acting to cancel or revoke a Wire Transfer.

• Any Wire Transfer Request received on a non-Business Day or after the applicable Cut-Off Time that is not executed by Bank on the same day will be executed by Bank on the following Business Day.

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.