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Transfers

A bank transfer, is a transaction in which an account holder orders money sent from one account to another.ntervene in money transfers:

» The sender or payer is the account holder who

orders his or her bank to transfer the funds.

» The beneficiary or payee is the holder of the

account hat receives the funds.

How long does it take?

the money is not immediately available to the

beneficiary.

When it is transfer in euros, it is received after the day of transfer.

Fees

Banks charge a fee for transfers to other credit institutions but not between accounts in the same bank. They charge a percentage of the amount transferred.

Types of transfers

Depending on the execution period, there are

» Ordinary transfers and urgent transfers.

Depending on the geographical area, there are:

» National transfers..

» Foreign or cross-border transfers.