In the USA, what is the commonly used term for a financial transaction in which money is transferred from one account to another? This is also known as a bank transfer, direct debit, or direct credit.
This discussion will explore the different terms used in the USA to refer to a financial transaction where money is transferred from one account to another. We will also discuss the various ways to make such a transaction, as well as any fees or other considerations that may be associated with this type of transaction.