The identifier used by financial institutions in individual countries as part of a National Account Numbering Scheme, which uniquely identifies an account of a customer

To take out more money from a bank account than there is in it. (source: http://www.investorwords.com/10515/overdraw.html#ixzz2KFDbpnau)

One of the conditions of the relationship between a bank and its customers is that the customers’ dealings and financial affairs will be treated as

As financial intermediaries, banks stand between depositors who supply capital and borrowers who demand capital. Given how much commerce and individual wealth rests on healthy

The sending bank/bureau (sometimes referred to as the «remitter» or “remitting bank/bureau”) may charge a fee for the service it provides. The receiving bank/bureau (sometimes

A prerequisite for a financial institution that wants to provide banking services. (source: http://en.wikipedia.org/wiki/Banking_license)