Credit Transfer

What is Credit Transfer?

A credit transfer is an instruction from a payer to their bank to move funds to a payee’s account. Unlike a direct debit, the payer initiates the transaction, providing full control over the timing and amount of the payment.

Why It Matters

• Gives payers complete control over when funds leave their account

• Simplifies one-off payments for services or high-value goods

• Reduces the risk of unauthorized withdrawals for the payer

• Provides a clear audit trail for both parties in a transaction