Telegraphic Transfer - TT

AAA

DEFINITION of 'Telegraphic Transfer - TT'

An electronic method of transferring funds. Telegraphic Transfers are used primarily for overseas wire transactions. These transfers are used most commonly in reference to CHAPS, Clearing House Automated Payment System, transfers in the U.K. banking system.

INVESTOPEDIA EXPLAINS 'Telegraphic Transfer - TT'

Telegraphic Transfers are also known as Telex Transfers, abbreviated TT. TTs can also refer to other types of transfers. Telegraphic Transfers are usually fairly expensive, due to the fast nature of the transaction.

RELATED TERMS
  1. Check

    A written, dated and signed instrument that contains an unconditional ...
  2. Bank Wire

    An electronic message system allowing major banks to communicate ...
  3. Wire Transfer

    An electronic transfer of funds across a network administered ...
  4. Fedwire

    A real-time gross settlement system (RTGS) of central bank money ...
  5. Bank

    A financial institution licensed as a receiver of deposits. There ...
  6. Digital Immigrant

    People born before 1985 and who have adopted technology at a ...
RELATED FAQS
  1. I need a telex release for a Bill of Lading. What must I do to obtain it?

    A telex release is typically issued by the freight carrier after all original copies of the bill of lading are surrendered. ... Read Full Answer >>
Related Articles
  1. Options & Futures

    The Ins And Outs Of Bank Fees

    These service charges could nickel and dime you right out of your nest egg.
  2. Insurance

    Your First Checking Account

    This owner's manual will show you what to expect from your bank.
  3. Personal Finance

    Cut Your Bank Fees

    Find out how to get the bank to pay you for using their services, not the other way around.
  4. Entrepreneurship

    Stop Scams In Their Tracks

    Find out how to protect yourself and your loved ones from financial fraudsters.
  5. Personal Finance

    4 Tips To Cut Your Monthly Bank Fees

    We asked banking professions to share their biggest tips for tackling bank fees, and hopefully save more even before spring hits.
  6. Personal Finance

    Is Automation Destroying Intellectual Jobs?

    As more jobs are automated, intellectual jobs that require the human brain remain, but does artificial intelligence pose a threat to these jobs, too?
  7. Economics

    What Do You Need To Know About Inflation?

    When it comes to inflation, there is no shortage of opinions: one side argues the Fed should raise rates, and the opposition says the Fed should stay put.
  8. Entrepreneurship

    JPMorgan vs. Goldman Sachs: A Tale of Two Stocks

    The performance of JPMorgan and Goldman has been impressive, but one has a slight edge.
  9. Stock Analysis

    How IPG Photonics Is Tapping Into The Auto Boom

    The manufacturing process of big industrial companies involves sophisticated laser technology to ensure precision and optimal efficiency in production.
  10. Stock Analysis

    Sierra Wireless Benefits From These Megatrends

    We take a closer look at how Sierra Wireless' transition from 2G to 3G and 4G technologies, has impacted its business today, and the future expectations.

You May Also Like

Hot Definitions
  1. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  2. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  3. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  4. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  5. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
  6. Accrued Interest

    1. A term used to describe an accrual accounting method when interest that is either payable or receivable has been recognized, ...
Trading Center