money transfer

Wiring cash abroad

A money transfer is the movement of funds from one account, person, or institution to another.

The term covers everything from wiring money internationally to sending cash through apps: The money transfer took three business days.

Banks, specialized services, and digital platforms all facilitate money transfers, each with different fees and speeds.

remittance

overseas

In foreign countries

diaspora · home country · Western Union · MoneyGram · foreign exchange · beneficiary · receiving · sending · corridor · fees

banking

SWIFT

Bank messaging infrastructure

direct deposit · clearing · settlement · interbank · transaction · processing · IBAN · BIC · same-day · next-day

digital

PayPal

Online money transfer platform

e-wallet · online banking · cryptocurrency · blockchain · peer-to-peer · fintech · digital wallet · contactless · NFC · QR code

Categories
Opposites
movement of funds

money transferaccount freeze

Restriction on withdrawals

savings · hoarding · frozen assets

cost/fees

money transferfree

Without payment or restriction

no charge · free transfer · gratis

payment method

money transfercash in hand

Physical currency possessed now

cash payment · cash exchange · cash on delivery · pocket money

Family

money, transfer, transferred, moneyed, transfers, monetary, transferring, moneymaking, transference

Familiarity
Top 100,000
Profile
Known to kids · Used worldwide · Timeless · Everyday, not technical · Rated G