How does the Bank-to-Bank Transfer Settlement Process work?

Have ever wondered how do funds get transferred in real-time between two banks? Specifically how is the money suddenly deducted from one account and shows up in the other? What causes this? How does it work?  Shown below is an example of a generic settlement process. This can be applied universally all across for payments. …

How does the Bank-to-Bank Transfer Settlement Process work? Read More »