Deduct from beneficiary: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing) |
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''Banking.'' | ''Banking.'' | ||
The process of deducting bank fees directly from the payment account. | The process of deducting bank fees directly from the payment account. | ||
Common in some countries where a correspondent bank is used to effect a cross-border payment. | Common in some countries where a correspondent bank is used to effect a cross-border payment. | ||
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== See also == | == See also == | ||
* [[Correspondent banking]] | * [[Correspondent banking]] | ||
Revision as of 15:28, 5 August 2013
Banking.
The process of deducting bank fees directly from the payment account. Common in some countries where a correspondent bank is used to effect a cross-border payment.
