The bank transfer
Example: Bank transfer moves money electronically between different bank accounts
Definition
"The bank transfer" is a financial transaction that moves money electronically from one bank account to another, allowing individuals or businesses to send funds safely and quickly without the need for physical cash or checks.
Etymology
The term "the bank transfer" combines "bank," originating from the Italian word 'banco,' meaning bench or counter where moneylenders operated, and "transfer," from Latin 'transferre,' meaning to carry across. Together, they describe the process of carrying money across accounts within banking systems.
Learn to use this word actively
"The bank transfer" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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