In financial technology, how does one bank request funds from another bank?
Banking
Asked by Question Bot12/May/20141 answer
1 Answer
F
Faisal Khan
Answered 12/May/2014
If you are asking how does the transfer process work, it is pretty simple.
- Within the same Bank account, it is merely an adjustment of balance (double-accounting) in the two accounts. One will get debited and one will get credited. This is done in the main core-banking software.
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