Banking

Wire Transfer

Definition

Electronic transfer of funds between financial institutions.

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Account Number

A unique identifier assigned to a bank account for transactions.

ACH

Automated Clearing House - a US network for electronic bank-to-bank transfers, used for direct deposits, bill payments, and person-to-person transfers.

ACH Transfer

Automated Clearing House electronic fund transfer in the US.

Amortization

Spreading payments over multiple periods.

Available Balance

The amount of money in an account that is immediately available for withdrawal or use, excluding pending transactions and holds.

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Resources

Related Resources

Wire Transfer to Qatar - Complete Guide

Wire Transfer to Canada - Complete Guide

Wire Transfer to Australia - Complete Guide

Wire Transfer to Germany - Complete Guide

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