Question: What is Data Transfer?
Answer: The term data transfer refers to the amount of digital information that moves from one computer to a device or another computer within a given period of time.
Examples of data transfers:
- On your computer, when a data file is exported from one financial software package and then is imported into another.
- From your computer to another device, such as when a data file is saved to a USB drive.
- Over the the Internet from file servers to your computer. For example, a data transfer took place from About.com's computers to your web browser for you to be reading this right now. Data transfers also take place when you download your financial data from a bank, brokerage or other financial institution into your financial software.
