Wire Transfer

A Wire Transfer (also known as a Real Time Gross Settlement) is a bookkeeping entry that simultaneously debits a payor’s account and credits the payee’s account. The only thing that is “wired” is an encoded message requesting the transfer, which is sent across telephone lines. Value is transferred immediately, which is the distinguishing feature of wire transfers. Once funds are transferred, the settlement is non-recourse and cannot be returned without the approval of the payee.

Contact: trust@sfsu.edu or Ext# 8-2436