Telegraphic Transfer or telex transfer (TT) is a term used to refer to an electronic funds transfer. Although the term is historic and the technology it describes is no longer in use, the telegraphic transfer name is still used today in several countries where it has become synonymous with an international Society for Worldwide Interbank Financial Telecommunication (SWIFT) transfer.
Telegraphic Transfer or telex transfer (TT) is a term used to refer to an electronic funds transfer. Although the term is historic and the technology it describes is no longer in use, the telegraphic transfer name is still used today in several countries where it has become synonymous with an international Society for Worldwide Interbank Financial Telecommunication (SWIFT) transfer.
Source: Wikipedia "Telegraphic transfer" · CC BY-SA 4.0
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