3 Sentences With "beneficiary bank"

How to use beneficiary bank in a sentence? Find typical usage patterns (collocations)/phrases/context for "beneficiary bank" and check conjugation/comparative form for "beneficiary bank". Mastering all the usages of "beneficiary bank" from sentence examples published by news publications.

type: All Declarative Interrogative Exclamative

structure: All Simple Compound Complex Compound-Complex

length: All <=10 words 10-20 words 20-30 words 30-50 words

The network seeks to simplify international payments by enabling transactions by businesses directly from their bank to the beneficiary bank, Visa said. from Reuters
DCA payments are processed by the sponsoring bank according to their Service Level Agreements - for Barclays this is currently a maximum of 30 minutes before the payment is sent to the beneficiary bank. Beneficiary banks which are members of FPS must apply the funds to the beneficiary account within 2 hours, although in most cases it is done immediately.
A crossing may have the name of a specific banker added between the lines. A cheque with a such a crossing can only be paid into an account at that bank. The beneficiary bank can add an additional crossing to allow another bank, who are acting as their agent in collecting payment on cheques, to be paid the cheque on their behalf.