In plain English
This refers to money moving into an account rather than out of it. The money comes from another account or from another person or organization.
In context
As a classification in activity or filters, "incoming transfer" marks a transaction where money was received into the account from another account or from another person or organization.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Classifies received transfers in activity or filters.
Meaning limits
The term itself does not say who sent the money or any other details of the transaction.
Examples
“When the landlord returned the deposit, the bank recorded it as an incoming transfer to Maya's account.”
“She filtered the account activity for incoming transfers to isolate the payment her cousin had sent.”