How does TT (Telegraphic Transfer) work? Posted on 10 April 2023 Category : Export Import Terms How does TT (Telegraphic Transfer) work? What is a Telegraphic Transfer TT? Telegraphic Transfer is a mode of transfer of funds electronically before the year 1990s. TT, Telegraphic Transfer of money was effected by a cable message service from one bank to another to transfer money. Before introduction of Telegraphic Transfer, money had been transferred directly between banks via a Telex message sending directly from one bank to another. TT payment was very popular prior to existence of electronic payment networks. Telegraphic transfer is operated by cable message and TT is treated one of the other electronic fund transfers. Although TT methods of electronic transfers are not using now a days, the business world have been using the term ‘TT’ or ‘ Telegraphic Transfer’ even now by meaning other reformed modes of electronic transfer of funds. 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We have lodged FIR to our nearest local police station. We have also directly talked to Budapest Police nearest the concerned party viz. Beverex Hungary Kft. But there was no fruitful result.So please could you suggest us what should we do now? Is there any intimation left to inform further party in India or should we finally assume it bad debts in our books of account. We have all evidence of Proforma Invoice, bank swift copy, FIR copy and response from Budapest Police also. Waiting for your response... keen: On 10 December 2017 I seeking a bank or financial institution this located in Minnesota and have KTT code so the my investor can send funds through their KTT. Faith Burns: On 28 February 2019 Please email me your request through PayPal KTT 6-digit code. or my account credit card profoma invocie account. Javed : On 30 March 2019 My question, If I TT to China supplier 30% and supplier failed to send me product then can I have return my 30% TT mony, is it possible ? Plz Answer. Thanks Prakash M: On 15 January 2022 we TT from Commomwealth Bank of Australia to HSBC HK it been a 2 month didn't received and sender bank gave a paper its already deposited but it got only receiver company name. Receiver asking to provide bank name , account number and account name so they can ask bank to check. But Commonwealth bank never gave. ushan: On 16 August 2022 what if dont get goods for the value you remitted via SWIFT for Impots