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A bank transfer is when money is sent from one bank account to another. Transferring money from your bank account is usually fast, free and safer than withdrawing and paying in cash. Read on for more information, including how to make a bank transfer and what details you’ll need.
Online payment: The online payment systems allow the seller to accept payments and the buyer to send payments over the internet. Examples of online payment companies include PayPal. The online payment system offers electronic alternatives to traditional payment methods such as money order and checks.
A checkbook is a folder or small book containing preprinted paper instruments issued to checking account holders and used to pay for goods or services. A checkbook contains sequentially numbered checks that account holders can use as a bill of exchange.