What is moving money from one account to another called?

What is moving money from one account to another called?

A bank transfer is a transaction that moves money from one bank account to another, either electronically or via a check. A bank transfer can be internal, meaning the transfer occurs between accounts at the same bank, or external, with funds transferred between accounts at two different banks.

What is the sending of money from one place to another called?

A remittance is a payment that gets sent somewhere else. If you get a bill in the mail, you will usually have at least a week to send your remittance. To remit is to send money or make a payment and what you send is called remittance.

What is the term for money moving?

Cash flow is the movement of money in and out of a company. Cash received signifies inflows, and cash spent is outflows.

What is money sent to a person in another place?

A wire transfer is one of the fastest ways to transfer money electronically from one person to another through a bank or a nonbank provider such as Wise, formerly TransferWise.

What is the term used for money?

Fiat Money and Legal Tender: The form of money that is issued by the government and is not backed by any commodity is known as fiat money. Ex: INR, Dollar, Pounds, etc. The term legal tender states the money that is legally issued by the government. Ex: Coins and Banknotes.

What is another word for loose money?

End of dialog window. On this page you’ll find 16 synonyms, antonyms, and words related to losing money, such as: at a loss, bankrupt, behindhand, null, delinquent, and in arrears.

What does it mean to make money moves?

A term used to describe a badass individual on their grind. This person works really hard to make moves in order to elevate their financial success, fame and or status. Describes the ability to have a say in what happens with money. Source: Urban Dictionary.