Remittance
Whether you’re talking about a transfer remittance or a direct debit remittance, the remittance form must be filled in by the instructing party with all the information needed to proceed with the payment or direct debit, then sent to the bank for execution.
Related definitions
Transfer order
A transfer order is given by the owner of a bank account, whether an individual or a company, to pay
Direct debit order
A direct debit order is an instruction to a bank to debit an amount due from a specific bank account.
Treasury transfer
A treasury transfer is the transfer of money between two bank accounts belonging to the same company or group…