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The phrase "transfer is finalized" is correct and usable in written English.
You can use it to indicate that a transfer process has been completed and is now official or binding. Example: "Once the transfer is finalized, the new owner will receive all necessary documentation."
Exact(1)
The Sony plant, located near the California border in Tijuana, Mexico, currently produces most of the LCD Bravia TVs sold to American consumers, and it will continue to do so through an outsourcing arrangement once the transfer is finalized.
Similar(54)
Additionally, Wang is expected to get the formal consent of SMG, the Islanders' landlord at Nassau Coliseum, to have the lease transferred to him once the acquisition is finalized.
deal before it is finalized.
The proof is finalized.
The conclusion is finalized in Section 8.
The paper is finalized with conclusions.
Nothing is finalized yet.
As the transfer was being finalized, however, Mimi died from a viral disease in Tulsa.
He, too, is finalizing his Fashion Week schedule.
The deal was finalized in 2004 and transferred the trademarks and copyrights of most of the iconic characters to Disney.
Finally, the gradient procedure was finalized, as described in "HPLC Analysis".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com