A method of bank transfer which is a quick and also cheap way to transfer money through most banks, abroad.
Telegraphic Transfer or telex transfer, regularly abbreviated to TT, is a phrase used to refer to a digital means of transferring assets. The sending bank usually charges a transfer fee, and in some cases, it will be asked from the receiving bank.
They can also refer to other types of transfers. Telegraphic transfers are usually expensive because of the fast kind of transaction. Usually, the telegraphic transfer is complete within two to four business days, depending on the destination and origin of this transfer, as well as any currency exchange obligations.