• wire transfer
  • money transfer
  • bank transfer
  • remittance
  • appropriation

I am confused because in German there is only the word Banküberweisung that, as far as I know, encompasses all of them.

I read that wire transfer goes back to when money was transfered via telegraph but is it still used today to refer to bank transfers? Of the mentioned words is there a dominating one, that I can use most of the time when talking about modern banks and online banking.

closed as off-topic by AndyT, David, Dan Bron, Scott, Davo Aug 22 '17 at 14:52

This question appears to be off-topic. The users who voted to close gave this specific reason:

If this question can be reworded to fit the rules in the help center, please edit the question.


According to Collins ...

A wire transfer is a direct payment of money from one bank account into another

Bank transfer ... a payment between two bank accounts

So, both wire transfer and bank transfer are defined as a transfer of money from one bank account to another. Although "wire transfer" may originally have referred to a particular form of bank transfer it remains widely used regardless of the actual means of transfer. They are both forms of money transfer executed by a bank or by an agent interacting with a bank on your behalf. So, if the context is money transferred between two bank accounts then I think you can use either "wire transfer" or "bank transfer".

The phrase "money transfer" is more general, if one party removes some cash from his/her wallet and hands it to another party then a money transfer has taken place but it is not a "bank transfer" or "wire transfer". That said, context might be enough to make clear that the type of "money transfer" in question is a formal or bank intermediated one but if it is important to indicate the specific nature of a money transfer then using "bank transfer" or "wire transfer" might be more appropriate.

A remittance is a sum of money that you send to someone.

Remittance describes the money which is being transferred

An appropriation is an amount of money that a government or organization reserves for a particular purpose.

I don't think this belongs with the other terms, although an appropriation is (eventually) money it is not necessarily "bank" or "wire" transferred.

Not the answer you're looking for? Browse other questions tagged or ask your own question.