Bank transfer

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Revision as of 16:08, 29 November 2014 by imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems)

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A remittance process whereby a payer may make a payment at any branch of any bank for the account of a payee at any branch of the same or any other bank.

Also called credit transfer or direct transfer.

See also

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