"remittance transfer" is a correct and common term in written English.
You can use it in any context where you are referring to the act of sending money from one place to another. "Remittance transfer" is often used in the context of international money transfers, but it can also refer to domestic transfers. Example: "I need to make a remittance transfer to my family in Mexico."
Upon hearing from a customer who seeks a remittance transfer, the commander phones the final recipient with an identification number.
The programme engages them in entrepreneurship projects, provides non-financial services supporting the startup of small-to-medium enterprises and encourages remittance transfer.
Grounded in core Islamic values and compliant with Islamic law, the hawala system provides a structure for remittance transfer across the worldwide Muslim community.
It is the purpose of this subchapter to provide a basic framework establishing the rights, liabilities, and responsibilities of participants in electronic fund and remittance transfer systems.
Given the typically low incomes of migrants and the small amount of each remittance transfer, too much is being spent on these transactions – and too little of the money is reaching migrants' families.
For more information on the new remittance transfer rule, visit this CFPB site.
Ironically, since Trump's election, remittance transfers have skyrocketed.
L. 111 203, § 1073(a)(2), inserted "or remittance transfers" after "electronic fund transfers".
A report from the Overseas Development Institute (pdf), published in April, said the benefits of remittance transfers "are lost in intermediation as a result of high charges.
In fact, many hawaladars divide their time between regular business activities and hawala transfers, using a single bank account to minimize the operational costs of remittance transfers.
"It turns out that even a modest reduction in the cost of making remittance transfers adds up to a substantial amount compared to official aid".
