Briefly describe each of the following funds transfer mechanisms: Depository transfer check (DTC) Automated clearinghouse

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Briefly describe each of the following funds transfer mechanisms:
• Depository transfer check (DTC)
• Automated clearinghouse (ACH) debit transfer
• Wire transfer
Why are wire transfers typically used only for high-dollar transfers?

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Introduction to Corporate Finance

ISBN: 978-0324657937

2nd edition

Authors: Scott B. Smart, William L Megginson

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Question Posted: May 13, 2015 06:09 AM

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Briefly describe each of the following funds transfer mechanisms: Depository transfer check (DTC) Automated clearinghouse

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A depository transfer check is an unsigned check drawn on one ...View the full answer

Introduction to Corporate Finance

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