transfer account
111Book Transfer — The transfer of funds from one deposit account to another at the same financial institution. Book transfer is a way to eliminate check clearing float because unlike with interbank transfers, there is no wait time for intrabank transfers. Check… …
112telegraphic transfer — TT A method of transmitting money overseas by means of a cabled transfer between banks. The transfer is usually made in the currency of the payee and may be credited to his account at a specified bank or paid in cash to the payee on application… …
113credit transfer — UK / US noun [countable] Word forms credit transfer : singular credit transfer plural credit transfers British a payment made directly from one bank account to another …
114credit transfer — /ˈkrɛdət trænsfɜ/ (say kreduht transfer) noun a system by which a sum of money due to another person is paid into a financial institution for transfer to that person s account at another financial institution or branch …
115Automated Customer Account Transfer — ( ACAT) For transfers of securities from a non equity trading account to your equity trading account with your broker. Bloomberg Financial Dictionary …
116transaction account — A checking or similar account from which transfers can be made to third parties. Demand deposit accounts, negotiable order of withdrawal NOW accounts, automatic transfer service accounts ( ATS account) , and credit union share draft accounts are… …
117electronic funds transfer — the use of telecommunications networks to transfer funds from one financial institution, as a bank, to another, or to withdraw funds from one s own account to deposit in a creditor s. Abbr.: EFT [1970 75] * * * …
118Electronic Funds Transfer Act — A federal law that gives consumers the right to correct errors in ATM or bank statements relating to electronic funds transfers (such as ATM use, point of sale purchases, and preauthorized withdrawals from a bank account) and limits a consumer s… …
119Electronic Funds Transfer Act — A federal law that protects consumers engaged in the transfer of funds through electronic methods. This includes the use of debit cards, automated teller machines and automatic withdrawals from a bank account. The act also provides a means of… …
120automatic funds transfer — A transfer of funds from one account or investment vehicle to another using electronic or telecommunications technology. Bloomberg Financial Dictionary …
