Money transfer generally refers to one of the following cashless modes of payment or payment systems:
Electronic funds transfer, an umbrella term mostly used for bank card-based payments Giro (banking), also known as direct deposit Money order, transfer by postal cheque, money gram or others Postal order, purchased at a post office and is payable at another post office to the named recipient Wire transfer, an expedited bank-to-bank funds transfer
Cash-based wire transfer systems
al-Barakat, an informal money transfer system originating in the Arab world Currency exchange, transfer for of one currency to another Hawala (also known as hundi), an informal system primarily used to send money Remittance, a transfer of money by a foreign worker to his or her home country
See also
Cash carrier Foreign exchange company Money transmitter Transfer payment