Credit transfer


Meaning of the word: Credit transfer

Credit transfer is a type of electronic funds transfer from one bank account to another. It could be a transfer between accounts of institutions or private persons. This is a non-cash transfer of funds, from the sender to the recipient. For the identification of the payment we usually use the variable code. We can specify the payment order via Internet banking.

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Debt consolidation is a consolidation of many loans to the one loan. It is convenient for a debtor who has many loans with high interest rate. The…

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