credit transfers

Moved money records

Credit transfers are the movement of academic credits from one educational institution to another, allowing students to apply coursework completed elsewhere toward a degree: She lost some credit transfers when she changed schools.

The term also refers to electronic movements of money between bank accounts: The company processes credit transfers overnight.

banking

EFT

Digital account-to-account payment

  • SWIFTBank messaging infrastructure
  • IBANAlphanumeric bank account identifier
  • BICFinancial institution identifier

clearing · settlement · remittance · interbank · cross-border · beneficiary · originator · payment order · batch processing · same-day

debt

loan payment

Scheduled debt reduction amount

payoff · settlement · outstanding balance · minimum payment · interest payment · automatic payment · debt relief

digital

online banking

Internet financial services

  • PayPalOnline money transfer platform
  • VenmoMobile payment service
  • ZelleBank-linked payment app

direct deposit · mobile payment · digital wallet · e-payment · peer-to-peer · contactless · QR code payment · UPI · Google Pay · Apple Pay

accounting

ledger

Financial record book

double-entry · general ledger · chart of accounts · accounts receivable · accounts payable · trial balance · audit trail · bookkeeping · financial statements · balance sheet

Categories
Opposites
direction of funds movement

credit transferswithdrawals

Removal of deposited funds

debits

transaction type

credit transfersdebits

Recorded account reductions

direct debits

form of value movement

credit transferscash transactions

Purchases made with bills

cash handling

Family

credit, transfer, credits, credited, crediting, creditor, creditors, creditable, accredit

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Used worldwide · Timeless · Rated G