Telegraphic Transfer or telex transfer, often abbreviated to TT, is a term used to refer to an electronic funds transfer. Although the term is historic and ...
So, when you hear the term “telegraphic transfers”, all you need to know is that it refers to international money transfers made from one account to another. Telegraphic transfers explained · How telegraphic transfer works
Nowadays, the term telegraphic transfer is used synonymously with a wire transfer. This is attributed to the fact that the new electronic system has replaced ...