automatic transfers

Preset money shifts

Automatic transfers are scheduled movements of money between accounts without manual intervention.

Banks offer them for recurring payments, savings contributions, or overdraft protection: I set up automatic transfers to my savings account every payday.

The term also applies to any system where items move between locations or categories without human action.

Related

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Opposites
payment mechanism

automatic transfersmoney orders

Prepaid payment certificates

wire transfers

Family

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Top 500,000
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Used worldwide · Timeless · Rated G