credit transfer Meaning in Cambridge Business English Dictionary
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Meaning of "credit transfer" - Business English Dictionary

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 from the Cambridge Business English Dictionary © Cambridge University Press)
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