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The Bank Transfer

Author

Listed:
  • Marius Eugen Radu
  • Alexandra-Andreea Voicu

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.

Suggested Citation

  • Marius Eugen Radu & Alexandra-Andreea Voicu, 2015. "The Bank Transfer," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 7(3), pages 217-221, September.
    • Handle: RePEc:khe:journl:v:7:y:2015:i:3:p:217-221
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