2. What is a Telegraphic Transfer? TT vs Wire transfers (SWIFT)
Link: https://wise.com/us/blog/telegraphic-transfer-vs-wire-transfer
Description: WEBMay 4, 2022 · In simple terms, telegraphic transfers involve money going from a sender, and passing between several banks to reach their recipient. Telegraphic transfers are typically more expensive than other transfer services because the banks which are involved in the transfer, also known as correspondent banks, set their own fees and processing times.