The Bank Transfer

Marius Eugen Radu and Alexandra-Andreea Voicu ()

Knowledge Horizons - Economics, 2015, vol. 7, issue 3, 217-221

Abstract: The bank transfer appeared at a certain stage of economic development, namely with the development of the banking system. The transfer is the operation of payment made by the bank through which, at the client order and based on the existing available funds in his account, it will make the transfer of money from customer's account to the account of a designated beneficiary, by debiting the customer's account and crediting the account of the beneficiary. The transfers can be debit or credit transfers, transfers in the national currency or foreign currency or national or international transfers.

Keywords: Bank transfer; current account; issuing Bank; receiving Bank; scriptural SWIFT (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:7:y:2015:i:3:p:217-221

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