Email Money Transfer (EMT)

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Definition of 'Email Money Transfer (EMT)'

Email money transfer (EMT) is a way to send money electronically from one person to another. It is similar to a wire transfer, but it is typically faster and less expensive. EMTs are often used to send money to friends or family who live in other countries.

To send an EMT, you will need the recipient's email address and the amount of money you want to send. You will also need to provide your own bank account information. Once you have entered all of the necessary information, the money will be sent to the recipient's bank account.

EMTs are a convenient way to send money, but there are some risks involved. If you are not careful, you could send money to the wrong person or have your money stolen. It is important to only use EMTs with people you trust and to make sure that you are using a reputable service.

There are a number of different EMT services available. Some of the most popular services include PayPal, Venmo, and Zelle. These services all offer different features and fees, so it is important to compare them before you choose one.

If you are looking for a fast, easy, and secure way to send money, an EMT may be a good option for you. However, it is important to be aware of the risks involved before you use this service.

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