Account-to-account payments

Account-to-account payments are transfers of money directly between bank accounts, typically initiated online or through banking apps. They enable individuals or businesses to send funds from their account to another person's or company's account without using cash, checks, or third-party payment services. These payments are usually fast, secure, and can be used for transactions like paying bills, sending money to friends, or settling invoices. They rely on secure banking networks to move money electronically, making the transfer efficient, transparent, and traceable.