In plain English
This term focuses on the direction the money moves. It means money leaves one account and goes to a different account. The sending account is the one the money moves out of.
In context
Here, "outgoing transfer" identifies transfers where money was sent from one account to another account.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Classifies sent transfers in activity or filters.
Meaning limits
The term itself only indicates the direction of the money between accounts, not any relationship between the accounts.
Examples
“The statement listed an outgoing transfer from Maya's savings account to her current account, not a cash withdrawal.”
“On Friday, the business account had three outgoing transfers to suppliers.”