Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “credit transfer”

credit transfer

noun [C or U]     especially UK
BANKING the process of moving money from one bank account to another electronically: automated/automatic credit transfer The move to automatic credit transfer will virtually eliminate fraud in benefit payments. Several million cheques and credit transfers are handled every day.
(Definition of credit transfer noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of credit transfer

Word of the Day

sail

When a boat or a ship sails, it travels on the water.

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More