BANK WIRE


Meaning of BANK WIRE in English

A computer message system linking major banks. It is used not for effecting payments, but as a mechanism to advise the receiving bank of some action that has occurred, e.g. the payment by a customer of funds into that bank's account.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.