Overseas Transactions

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Definitions
Telegraphic Transfer (TT)
Telegraphic Transfer TT International Banking Electronic Funds Transfer Overseas Transactions Foreign Exchange
Telegraphic Transfers (TT) are methods of transmitting money overseas by means of electronic transfer between banks. The transfer is usually made in the currency of the payee and may be credited to their account at a specified bank or paid in cash to the payee upon application and identification.
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