wire transfer
nounUK /ˈwaɪə ˌtrænsfɜː/
US /ˈwaɪər ˌtrænsfɜːr/
Sending money from one bank to another bank using computers or wires.
She sent a wire transfer to pay for her new car.
RELATED WORDS
OTHER MEANINGS
2. A method of moving funds electronically between financial institutions, often used for large or international payments.
The company used a wire transfer to pay its overseas supplier.
3. The act of sending money quickly through a network of banks and payment systems.
A wire transfer usually arrives the same day.
4. A payment made by telegraph or electronic message instructing a bank to pay a sum to a named person.
He received a wire transfer from his family abroad.