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One person is loaning money to another person, expecting to be paid back (with or without interest) sometime by an agreed future date.

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8y ago

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Is it illegal to transfer money on behalf of another person?

It is not illegal to transfer money on behalf of another person as long as you have their permission and are not involved in any illegal activities such as money laundering or fraud.


What is money transfer service?

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How do you write a letter to bank manager for transfer one person account money to another person's account?

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How transfer MONEY du to du?

This is were you transfer money to another person or device. You will be able to do this will the help of your local bank.


Can I transfer funds to another person using an ACH transfer?

Yes, you can transfer funds to another person using an ACH transfer, which is a secure electronic method of moving money between bank accounts.


How can I transfer money from one person to another person?

You can transfer money from one person to another person by using various methods such as bank transfers, online payment platforms, mobile payment apps, or in-person cash transactions. These methods typically require you to provide the recipient's account information or contact details to complete the transfer securely.


How do you transfer money from one person to another in a demand deposi?

You can transfer money from one person to another in a demand deposit account by using methods such as bank transfers, online transfers, mobile payment apps, or writing a check. Simply provide the recipient's account details and the amount you wish to transfer, and the money will be moved electronically between the accounts.


Definition of mobile phone money transfer?

Mobile phone money transfer is the process of transmitting money from one person to another through phone activation that can be ultimately honoured with cash transactions by a financial or business institution.


What is a balance transfer?

A balance transfer is when you have money in one bank and transfer that money to another bank. It is also when you have a balance on one credit card and transfer the balance to another credit card.


Can you pick up a money transfer on behalf of another person?

Yes, you can pick up a money transfer on behalf of another person, but you typically need to provide specific information. This usually includes a government-issued ID, the transaction reference number, and possibly a signed authorization from the sender. Policies may vary by the money transfer service, so it's essential to check their requirements beforehand.


Can a person reverse a transfer if they send money to my account?

No, a person generally cannot reverse a transfer once they have sent money to your account.


What is an ACH wire transfer used for?

An ACH wire transfer is a way to send money to a person. This type is usually and almost always done electronically so it is put into another person bank account.