what information is needed for a telegraphic transfer tt 
the most pertinent information required for the telegraphic transfer is the account numbers and routing numbers of the parties and the financial institutions involved then there is the amount of money being transferred and the bank or non bank transfer provider such as western union that is chosen to actually carry out the transaction though strictly speaking tts are carried out between two banks and don t involve third parties other details may also be required for security purposes and to confirm the identity of the sender the bottom linea telegraphic transfer tt is an electronic way of transferring funds that is used primarily for overseas wire transactions usually a telegraphic transfer is complete in two to four business days depending on the origin and destination of the transfer telegraphic transfers are also known as telex transfers tt or more generically as wire transfers or electronic funds transfers tts are usually fairly expensive sometimes charging multiple fees due to the fast nature of the transfer 