bank transfers

Electronic fund shifts

Bank transfers are electronic movements of money from one account to another, either within the same bank or between different financial institutions.

The term covers various methods: wire transfers for large or urgent sums, ACH transfers for routine payments like payroll or bills, and international transfers across borders.

The landlord only accepts bank transfers, not checks.

Related

sending money · account number · clearing · accounts · deposit · confirmation number · finance · direct payments · cross border · currency · settlement · beneficiary · electronic · pending · routing number · fees · domestic · processing

Categories
Opposites
payment method physicality

bank transferscash transactions

Purchases made with bills

cash on delivery · paper money · coins · banknotes · mattress money

money movement direction

bank transfersdeposits

Material settled or stored

bank deposits · direct deposits

transaction formality

bank transfersbarter

Direct goods-for-goods exchange

cryptocurrency · money under the table · handshake deals · IOUs

Family

bank, transfer, banker, banking, bankrupt, banks, bankruptcy, transferred, transfers

Familiarity
Top 100,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G