A bank transfer is a method of transferring funds from one bank account to another, either within the same financial institution or between different institutions, through electronic means.
A modern method of transferring funds or other assets internationally in an expeditious manner. Typically involving electronic communication channels rather than physical wires.
A Routing Transit Number (RTN) identifies financial institutions in the United States for the purpose of processing payments, such as checks and wire transfers. It is a critical component of effectively managing and routing financial transactions.
