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Definitions from the Web

Beneficiary Bank

Description:

A beneficiary bank refers to a financial institution that receives funds on behalf of a beneficiary in a financial transaction.

Sample Sentences:

1. The beneficiary bank will transfer the funds to the recipient's account.
2. After the transaction is complete, the beneficiary bank will notify the beneficiary.
3. Please provide the necessary details of your beneficiary bank for the transfer.

Possible Related Products:

Explore related books and resources on beneficiary banks:

• Beneficiary Banking: A Beginner's Guide
• Understanding Beneficiary Banks: Key Concepts and Practices
• The Role of Beneficiary Banks in Global Transactions