Interbank transfer definition

Interbank transfer means a transfer of funds from a payor to a payee in two separate banks under at least two payment orders. In an interbank transfer:

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Interbank transfer means a transfer of funds, from a payor to a payee in two separate banks, having at least two payment orders with each receiving bank other than the destination bank executing its sender’s payment order by issuing a corresponding payment order to a receiving bank, with the last payment order sent to the destination bank. Participants in an interbank transfer are the originator, originating bank, destination bank, and receiver, and may include one or more intermediary banks. In an interbank transfer, besides acting for a customer, a bank may act for its own account and its own name;

Interbank transfer means transfer of funds from the instructor to the beneficent in two separate banks that have, at least two payment orders for each receiving bank other than the destination bank which performs the payment order of the sender by issuing the appropriate payment order to the receiving bank, with the last payment order sent to destination bank. Participants in an interbank transfer are the initiator, the initiating bank, destination bank and the beneficent and may include one or more intermediary banks. In an interbank transfer, in addition to action on behalf of the client, the bank can act on behalf of itself.

Examples of Interbank transfer in a sentence

• TKTT/2017 Trang 2/12 Đăng ký các dịch vụ gia tăng dành cho thẻ ghi nợ nội địa Register added services for domestic debit card Không đăng ký No register Dịch vụ nạp tiền (Service of charge) Dịch vụ thanh toán hóa đơn (Invoice payment service) Dịch vụ chuyển tiền liên ngân hàng (IBT) (Inter-bank transfer service) Dịch vụ mua hàng Internet (Ecom) (Internet purchasing service) Số điện thoại nhận mật khẩu xác nhận: .....................................................

• There is a dollar limit of $15,000.00 (or the available balance in your Designated Deposit Account, plus your overdraft protection available balance, whichever is less) on a bill payment and a $2,000 limit on an Intra-bank transfer or Inter-bank transfer.

• Inter-bank transfer voucher is prepared at SHS for transfer of funds from SHS Tier 1 account to Program-wise Tier-2 accounts.