This results in the very fast clearing of funds, so that the payee can use the transferred cash. Merriamwebsters encyclopedia of literature by merriamwebster and a great selection of related books, art and collectibles available now. Unlike with interbank transfers, these intrabank transfers require little or no wait time. Wire transfer, bank transfer or credit transfer, is a method of electronic funds transfer from one person or entity to another. Bank supervision dictionary definition bank supervision. For transfers to your webster account, a hold is placed on your deposit and these funds will not become available for 3 business days following the date of your transfer request.
On february 26, 2010, webster weblink will be enhanced to allow initiation of wire transfers in foreign currency. They made a book transfer and that was a really good thing to do because the other account needed money. In the business world, bank loans and corporate or government bonds are the. A book transfer is the transfer of the legal right of ownership of an asset, without physically shifting the asset to the new owner. This results in the very fast clearing of funds, so that the payee can use the transferred. Book transfers are a way to eliminate check clearing float. The number of transfers allowed per statement cycle for savings and money market accounts is limited. Free english to spanish translation spanish central. You can complete the definition of bank transfer given by the english definition dictionary with other english dictionaries.
Money is any good that is widely used and accepted in transactions involving the transfer of goods and services from one person to another. Book transfer is a way to eliminate check clearing float. A bank custodian is responsible for maintaining the safety of clients assets held. Bank transfer definition and meaning collins english. Immediate transfers cannot be stopped or changed because they are processed once you receive your confirmation. There is almost always a fee to send a wire transfer. Security definition is the quality or state of being secure. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office. With external transfers, you can initiate transfers from or to your eligible webster checking, savings and certain types of loan accounts. Official evaluations of transfer credit are completed by the registrars office once students are admitted to webster and official transcripts are received.
Company xyz, the grantor, will appoint a trustee, usually a large bank or similar. The key definitions of artificial intelligence ai that explain its. All weblink accounts and users that currently have access to initiate wire transfers will have this functionality. Deposit definition, to place for safekeeping or in trust, especially in a bank account. Give the customer service rep your name, webster bank account number and amount you want to transfer, as well as the receivers name, his bank s name and routing number, and his account number.
Transferor bank legal definition of transferor bank by. How to make a wire transfer with webster bank pocketsense. Economists differentiate among three different types of money. Transfer synonyms, transfer antonyms merriamwebster thesaurus. The act of transferring ownership of a product or asset without actually delivering the physical goods. Deposit definition is to place especially for safekeeping or as a pledge. You can either set up one transfer, or a series of recurring transfers to automatically take place at some. Bank books definition of bank books by the free dictionary. Definition of book transfer in the financial dictionary by free online english dictionary and encyclopedia. Book transfer financial definition of book transfer. Our mission is to help individuals, families and businesses achieve their financial goals as we pursue our vision to continue to be among the highest performing midsized banks in the u. A branch of computer science dealing with the simulation of intelligent behavior in. Site transfer or study abroad application form for all applicants from webster international campuses or application for u. Bond definition is something that binds or restrains.
Definition of transference written for english language learners from the merriam webster learners dictionary with audio pronunciations, usage examples, and countnoncount noun labels. A register that includes both deposits and withdrawals. A payment is the voluntary tender of money or its equivalent or of things of value by one party. It is called a withdrawal slip because it is used to make a withdrawal from a persons account. Also called a naked trust or a passive trust, with a dry trust, a person transfers. A withdrawal slip is a bank document on which a person writes the date, account number and amount of money to withdraw from a bank. Book transfers are beneficial to a banks operations as they are instantaneous and remove the float time in checking transactions. Define double bank by webster s dictionary, wordnet lexical database, dictionary of computing, legal dictionary, medical dictionary, dream dictionary. Define full service bank by webster s dictionary, wordnet lexical database, dictionary of computing, legal dictionary, medical dictionary, dream dictionary.
Learn to speak spanish with spanish central from merriam webster. Trust definition is assured reliance on the character, ability, strength, or truth of. The term is also used to describe transfer of ownership without the physical movement of an asset. Transfer book definition of transfer book by merriamwebster.
Receiving a wire transfer is often free, but some banks and credit unions charge small fees to receive funds by wire. A registered shareholder is the owner of record on the books of the corporation, generally kept by the transfer agent. Another solution which leverages the banks global network is our realtime cross border book transfer. A change in ownership, especially of a security, that does not result in a change of location.
Wikipedia, lexilogos, oxford, cambridge, chambers harrap, wordreference, collins lexibase dictionaries, merriam webster. Key differences between ach and wire transfers the balance. Book transfer financial definition of book transfer financial dictionary. I grant that hes a talented writer, but i just dont find his books very interesting. Movements of financial capital are normally dependent on either credit or equity transfers. Fund definition is a sum of money or other resources whose principal or interest is.
Bank transfer meaning in the cambridge english dictionary. A series of accounting or bookkeeping entries used to settle a series of cash market transactions. Bank transfer definition in the cambridge english dictionary. The act of monitoring the financial performance and operations of banks in order to ensure that they are operating safely and soundly and following rules and regulations.
The advantages of sending a bank transfer are that you do not need to wait for anything to arrive in the mail, there are no cheques to cash, and the funds are available immediately upon receipt. He transferred the package from one hand to the other. Please find below the bank details for transferring the tuition and housing deposit. For transfers to your non webster account, we cannot guarantee when your financial institution will process the transfer and post the transaction to your account. Either way, make sure you understand your bank s policies for ach direct deposits and direct payments. Bank book article about bank book by the free dictionary. Transfer book definition is a register of transfers as of shares of stock from one party to another. To transfer funds over the phone, call the webster bank customer service line at 18889322256. Site transfer form for international students transferring from one webster u. Please make sure to indicate your name applicants name and your webster student id number.
Ad book transfers usually refer to transactions that occur within the same bank, for example, if a customer transfers money to another customer at the same bank. Wire transfer systems are intended to provide more individualized transactions than bulk payment systems such as ach and check21. The most common use of the concept is when a bank transfers funds from the account of the payer to the account of the payee when both accounts are with the same bank. Book entry bonds are bonds that are electronically registered to the financial institution acting on. Ach transfers can be a relatively hasslefree way to send money or receive it.
Book transfer dictionary definition book transfer defined. Bank supervision is conducted by governmental regulators. The registered shareholder may be an individual, a trust, a broker, etc. Using a book transfer is convenient for banking customers because book transfer transactions do not require a paper exchange or a trip to the bank to complete. The process of moving an outstanding balance from one credit card to another. A book transfer is the transfer of funds from one deposit account to another at the same financial institution. Transferor bank means the bank seeking to transfer or assign all or part of its rights, benefits and obligations hereunder. Nonwebster transfer accounts you can set up nonwebster transfer accounts to easily move money between your webster accounts and accounts you hold at other financial institutions. Transferring definition, to convey or remove from one place, person, etc.
Xyz bank transfers money into your account, and you agree to repay the money. Book transfer definition and meaning define book transfer. The transfer of funds from one deposit account to another at the same financial institution. Transfer definition is to convey from one person, place, or situation to another. A bank transfer, also called a wire transfer, is a way to send money from one bank account to another anywhere in the world. Credit card, debit card, cheque, money transfers, and recurring cash or ach automated. The transfer of funds from one account to another within a financial institution. Search bank transfer and thousands of other words in english definition and synonym dictionary from reverso. Different wire transfer systems and operators provide a variety of options relative to the immediacy and finality of settlement and the cost. Bank definition is a mound, pile, or ridge raised above the surrounding level. However, any transfers that you set up to be processed in the future, whether one transfer or a series of recurring transfers, are stored as pending transfers and can be stopped or changed at any time before 7.
This document can be checked against the bank statement to see if the transactions are correct. Webster financial corporation is the holding company for webster bank, n. A commercial bank is a financial institution which performs the functions of accepting deposits from the general public and giving loans for investment with the aim of earning profit. You can even use a nonwebster account to fund your webster account. A bank p the payer with a central bank nostro can pay directly to another bank r. Webster university strives to provide the most current and accurate information available, which subjects this database to frequent revisions. Wire transfer or credit transfer is a method of electronic funds transfer from one person or institution entity to another. For example, a stock may be sold between two clients of the same brokerage. This capability allows our clients to make transfers between. In such a case, the stock certificate is unlikely to move at all. Book transfers financial definition of book transfers. Transfers are sometimes subjected to a balance transfer fee.
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