What is Scheduled Transfer?
Scheduled Transfer An electronic banking instruction set by the account holder to move funds automatically between accounts on predetermined dates or recurring intervals, commonly used for payments and savings.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Scheduled Transfer” Used in Practice?
Many individuals set up scheduled transfers to pay recurring bills or move money to savings accounts on a monthly basis.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Scheduled Transfer?
An electronic banking instruction set by the account holder to move funds automatically between accounts on predetermined dates or recurring intervals, commonly used for payments and savings.
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