Is ktt transfer effective way of funds transfer?
A client wants to transfer funds from one country to another via ktt mt103 followed by mt202 cash transfer. WHAT DOES THIS MEAN?
Key Tested Telex ... an ancient way to make a transfer of funds
Key Tested Telex ... an ancient way to make a transfer of funds
Key Tested Telex
KTT 103 is telex transfer, Pre Advice is free to send. But you have to sure that the client has money in his pocket.
The KTT MT 103 is a SWIFT message type that is typically used for international wire transfers. According to the SWIFT website, as of November 2018, over 10,000 banks and financial institutions around the world were using the KTT MT 103.
meaning of KTT account
They don't have KTT code
two different swift codes and the both banks bank A can talk with bank B and see if in the bank B whatever the account is real the money are real and legally therefore that transaction will be proceed to transfer the money not in hand, by wire transaction
dO you need an account to make a wire transfer
How a wire transfer is done? Can the person be traced through a receipt?