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
Direct debit
A direct debit enables a sum of money to be withdrawn automatically from the debtor’s bank account, as in the
Transfer order
A transfer order is given by the owner of a bank account, whether an individual or a company, to pay
Treasury transfer
A treasury transfer is the transfer of money between two bank accounts belonging to the same company or group…