Describe depository transfer check

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Reference no: EM131316804

Briefly describe each of the following funds transfer mechanisms:

a. Depository transfer check (DTC)

b. Automated clearinghouse (ACH) debit transfer

c. Wire transfer Why are wire transfers typically used only for high-dollar transfers?

Reference no: EM131316804

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Describe depository transfer check : Describe Depository transfer check (DTC), Automated clearinghouse (ACH) debit transfer and Wire transfer Why are wire transfers typically used only for high-dollar transfers?
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