TELEGRAPHIC TRANSFER wire-transfer-icon-260nw-758351893 (WHO'S…
WHAT IS TELEGRAPHIC TRANSFER?
TT is a form of transferring money electronically using cable, telex, fax, telephone, or any kind of fund transfer system such as RENTAS or SWIFT.
WHO'S INVOLVE IN TELEGRAPHIC TRANSFER?
The institutions that send the money
:check: The Receiver
the institutions that receive the money
the ordering customer
the payee or the party to whom the money is intended to be send
WHAT IS OUTWARD TT?
Local Outward Telegraphic Transfer
transfer of fund between two different branch of bank
transfer of fund from Maybank Malacca branch to Maybank at Sarawak
Foreign Outward Telegraphic Transfer
transfer of fund from local bank to foreign bank
Example: transfer of fund From Maybank in Malaysia to Bank Of England in UK
WHAT IS INWARD TT?
Local Inward Telegraphic Transfer
transfer fund within Malaysia
Example: transfer of fund from Kuala Lumpur branch to Malacca branch
Foreign Inward Telegraphic Transfer
transfer of fund from Foreign bank to local bank
Example: transfer of fund from bank of England in UK to Maybank in Malaysia
how much is the charges for telegrahic transfer and what are the details required to perform