In plain English
This means the same movement of money happens again and again on a set schedule. It is about sending money between two accounts each time, rather than making a one-time transfer.
In context
Here, "recurring transfer" labels an option for setting up money to move between accounts repeatedly on a regular schedule.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Labels a repeating transfer setup option.
Meaning limits
The term itself does not say how often the transfers happen or which accounts are involved.
Examples
“A recurring transfer sends £200 from her current account to her savings account on the first day of every month.”
“After selecting recurring transfer, she chose one account to send the money from and another to receive it.”