Credit institutions which are the operator’s money attract deposits and open accounts in which funds are placed individuals and entities. In this case the client's order imperative for the credit institution. As a form of customer orders is entitled to require the issuance of money in cash, or transfer an amount to another account, the account of another person in another credit institution. Thus, there will be transfer of money orders a person to the account holder and therefore, it would oblige him either to this amount, or will meet financial commitments in a given volume.
Cashless payments are made through lending institutions (branches) or the central banks of the accounts opened under the contract of bank account or a correspondent account contract (sub account).
Payment transactions to transfer money through credit institutions (branches) can be implemented using:
– correspondent accounts (subaccounts) opened at the Central Bank;
– correspondent accounts opened in other credit institutions;
– accounts of settlement participants that are open to non-bank credit organizations;
– accounts inter branch settlements open within the same credit institution.
Write-off of funds from the account shall be ordered by the owner or without an order of the account holder in cases prescribed by law or contract between the bank and the client.
Write-off of funds from the account on the basis of settlement documents, within available funds in the account. The order of registration, reception, processing of electronic payment instruments and payment transactions of their use is governed by separate regulations and concluded between the Central Bank of the State or credit institutions and their customer’s treaties governing the exchange of electronic documents with information security.
If insufficient funds in the account to meet all the requirements presented to him by debit as they arrive in the order established by law.
Restriction of the rights of the account holder to dispose of the on cash is not allowed, with certain exceptions.
As members of the calculations are considered payers and recipients of funds (the claimant), as well as serving their banks and correspondent banks. Modern bank is a competitive bank with a wide and flexible assortment not only of bank but other financial services adapted to the needs of different groups of clients