Quick meaning
Moving money from one bank account to another electronically.
Think of it like this
Like handing cash to someone, but through the banking system instead.
Where you may see this
You may see this in banking apps, checkout screens, delivery updates, and digital payment instructions.
Why it matters
Knowing the term helps you pay safely, understand what a screen is asking for, and avoid costly mistakes.
Say it simply
Bank Transfer means: Moving money from one bank account to another electronically.