A telegraphic wire transfer, or TT, refers to an electronic means of transferring funds internationally using the SWIFT network. To make a telegraphic transfer, one contacts their bank to inquire about the service and obtain necessary recipient details like the BIC and IBAN, then visits the bank branch to pay the transfer amount while the bank sends the transaction message overseas. Benefits of telegraphic transfers include safety, security, reliability, and global acceptance as a remittance mechanism.

1. Telegraphic Wire Transfer

2.  Telegraphic Transfer or Telex Transfer, often abbreviated
to TT, is a historic term used to refer to an electronic
means of transferring funds overseas
 A transfer charge is collected while sending money
What is Telegraphic Transfer?
Source - http://en.wikipedia.org/wiki/Telegraphic_transfer

3.  Call your bank and enquire if they have a telegraphic
wire transfer facility available
 Request Bank Identifier Code (BIC), International
Bank Account Number (IBAN) and contact
information from the payee
 Go to your bank branch to make transfer
 Pay the concerned bank branch the transfer amount
 Wait in the bank while they send the message via the
SWIFT network to the concerned bank overseas
How to Make a Telegraphic Transfer?

4.  Safe
 Secure
 Reliable
 Globally accepted remittance mechanism in the world
today
Benefits

5.  The fees of your wire transfer will depend on the
bank and the country to which you are sending
money
 There are banks which allow you to process wire
transfer online
Points to Remember

6. Thank You