Wire Transfer - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/RDO3UKXcvzCX1v6RIJEbhiy

Label Wire Transfer

Preferred Label Electronic Funds Transfer

Identifier N/A

Alternative Labels

Bank Transfer EFT SWIFT Transfer

Definition

"Wire Transfer" refers to the electronic transfer of funds from one financial institution or account to another, executed via a network of banking institutions or transfer service providers. This method of transferring money is commonly used for both domestic and international transactions and is generally considered secure and fast.

Class Relationships

Sub Class Of

• Payment Modality

Is Defined By

N/A

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Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available