Money transfer

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 international 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