Telegraphic Transfer (TT)

A Telegraphic Transfer, often abbreviated to TT, is an electronic means of transferring funds overseas. 

A TT is an electronically transmitted payment, with funds generally being available to the beneficiary within 24 hours. An additional benefit to both payee and recipient alike is the ability to track payments, just as you would with an overnight delivery service.

All overseas payments sent out by KBRFX are using TT payment utilising the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network , a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. More than 9,000 banking organisations, securities institutions and corporate customers in 209 countries trust SWIFT every day to exchange millions of standardised financial messages.

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