funds transfer
Sending payment electronically
Funds transfer is the movement of money from one account to another, whether between individuals, businesses, or institutions.
The term covers various methods—wire transfers, electronic payments, direct deposits—and appears frequently in banking and legal contexts: The funds transfer should clear by tomorrow.
Also called money transfer.
- remittanceFunds sent elsewhere
- direct depositFunds sent to account automatically
- bank draftGuaranteed payment instrument
- check clearingBank-to-bank fund transfer
- mobile paymentPurchase via smartphone
blockchain · clearinghouse · payment gateway · beneficiary · cash · payee · payment order · IBAN · money order · card · settlement · routing number · cashier's check · digital wallet · online banking · pending · pending transaction · SWIFT
- bankingbank, banks, ATM, ATMs, account
- paymentspayment, monthly payment, cash payment, payment date, credit cards
- phone bankingphone banking, telebanking, IVR, voice prompts, voice recognition
- Closingsclosing, closing costs, closing statement, escrow, title insurance
- payoutspayout, disbursement, dividend, cash prize, reimbursement
- Verification Stepsaudit, identity check, credit check, signature verification, fraud detection
action vs. inaction with funds
funds transferasset freeze
Blocking access to wealth
money hoarding · frozen assets · capital preservation · savings