A bank deposit transfer is a money transfer delivered by crediting the recipient's bank account. Remittance companies offer it as one of several delivery options, alongside cash pickup, mobile wallet credit and home delivery. The sender pays the money transfer operator by cash, card or bank debit, and supplies the recipient's name, bank and account number or IBAN.
The operator does not usually send an international wire for each transfer. It instructs a bank or local payout partner in the destination country, which pays the recipient from funds already held there through the domestic payment system, often an instant one. Deposits tend to cost less than cash payouts because no agent commission is due at the receiving end, and they suit larger amounts. Delivery depends on correct account details, so many operators run account validation before accepting the order; a mismatch leads to a returned or delayed remittance payout.