Deduct from beneficiary: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Spacing) |
imported>Doug Williamson mNo edit summary |
||
| Line 2: | Line 2: | ||
The process of deducting bank fees directly from the payment account. | The process of deducting bank fees directly from the payment account. | ||
Common in some countries where a correspondent bank is used to effect a cross-border payment. | Common in some countries where a correspondent bank is used to effect a cross-border payment. | ||
== See also == | == See also == | ||
* [[Correspondent banking]] | * [[Correspondent banking]] | ||
Revision as of 15:29, 5 August 2013
Banking.
The process of deducting bank fees directly from the payment account.
Common in some countries where a correspondent bank is used to effect a cross-border payment.
