How is money transferred from one bank account to another bank account ? Explain with an example
Answers
Answered by
327
Money Transfer from one bank account to another bank account :
If a person has to make a payment to his or her friend and writes a cheque for a specific amount, this means that the person instructs his bank to pay this amount to his friend. His friend takes this cheque and deposit it in his account in the bank. This said amount is transferred from one bank account to another bank account.
If a person has to make a payment to his or her friend and writes a cheque for a specific amount, this means that the person instructs his bank to pay this amount to his friend. His friend takes this cheque and deposit it in his account in the bank. This said amount is transferred from one bank account to another bank account.
Answered by
32
Explanation:
I HOPE YOU WILL LIKE THIS ANSWER
Attachments:
Similar questions
Physics,
8 months ago
History,
8 months ago
Economy,
8 months ago
Social Sciences,
1 year ago
Social Sciences,
1 year ago