Example of a Wire Transfer

A telegraph money order It is a means of sending money or payment order, which is issued by the telegraph offices in favor of a beneficiary specific, for this it uses the telecommunication networks of this type of companies, which pay the money in cash transferred.

Although initially the office took the payment and telegraphed for it to be carried out elsewhere, today it is online how this procedure is carried out, being done instantly.

This service is performed in two ways:

1. In the same offices
2. Shipping it directly to an address.

It is clear that these services generate a cost, which is the profit of the company or institution for the services provided.

This type of service requires a subscription or registration, where the data of the two people, the receiver and the sender, are established (These can become legal entities) and wire transfers can be made internationally, especially with associated companies or companies with a presence in other places.

Telegraph money order example:

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