transfer company

noun

1. a company that transports people or luggage for a relatively short distance, as between terminals of two railroad lines.

Word History and Origins

Origin of transfer company¹

An Americanism dating back to 1875–80

Example Sentences

Given their global scale, one expects money transfer companies like Western Union, WorldRemit, Wise, and PayPal to attend to these remittance needs since inter-bank transfers between Africa and many countries are next to impossible.

From Quartz

Western Union, the world’s largest money transfer company, has suspended services in Afghanistan, and NBC reports that MoneyGram has halted operations there too.

From MIT Technology Review

Some are drawn by the libertarian spirit that would do away with centralized financial intermediaries, such as banks and money transfer companies.

From Washington Post