1. A bank transfer is an operation under which, on the transferor customer's written request, the bank debits a specified amount from the transferor's account and credits the same amount to another account. 2. The operation may transfer: a. a specified amount from one person's account to another person's account, whether at the same bank or at two different banks; or b. a specified amount between two accounts both held in the transferor's name, whether at the same bank or at two different banks. 3. The agreement between the bank and the transferor customer governs the conditions for issuing the order; a transfer order may not, however, be made to bearer.
Interpretation and application must be checked against the official text and current version.