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:

    “Don’t want no money from you Ethan, no money, Marty. Just a roof over old Mose head and a rocking chair by the fire, my own rocking chair by the fire.”
    —Frank S. Nugent (1908–1965)

    “I have proceeded ... to prevent the lapse from ... the point of blending between wakefulness and sleep.... Not ... that I can render the point more than a point—but that I can startle myself ... into wakefulness—and thus transfer the point ... into the realm of Memory—convey its impressions,... to a situation where ... I can survey them with the eye of analysis.”
    —Edgar Allan Poe (1809–1849)