What Is A Bank Book Transfer

Book transfers are a way to eliminate check clearing float. Unlike with interbank transfers, these intra bank transfers require little or no wait time. A book transfer is the transfer of the legal right of ownership of an asset, without physically shifting the asset to the new owner. 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.

Definition of book transfer: The transfer of funds from one account to another If you transfer money from your bank account into my bank account, you will be.

You can initiate book transfer transaction between accounts of the bank using ' Book Transfer Input' screen. You can invoke “Book Transfer Input” screen by  Section , "Book Transfer - Section , "Book Transfer.

Definition of book transfer in the Financial Dictionary - by Free online English dictionary the Bank's global network is our real-time cross border book transfer. Though a book transfer can be used to transfer securities like bonds, most people deal with book transfers when they move money from one bank account to. Wire transfer, bank transfer or credit transfer is a method of electronic funds transfer from one and "wire" the money to another office, using passwords and code books to authorize the release of the funds to a recipient at that location.