credit transfer
noun[CorU]
especiallyUKukusBANKING
theprocessofmovingmoneyfrom onebankaccountto anotherelectronically:
automated/automatic credit transferThemovetoautomaticcredittransferwillvirtuallyeliminatefraudinbenefitpayments.
Several millionchequesandcredittransfersarehandledeveryday.