The sending bank/bureau (sometimes referred to as the «remitter» or “remitting bank/bureau”) may charge a fee for the service it provides. The receiving bank/bureau (sometimes

A prerequisite for a financial institution that wants to provide banking services. (source: http://en.wikipedia.org/wiki/Banking_license)

The role of the ombudsman is to conduct a thorough and impartial investigation of all of the issues relating to customers’ concerns.

Standard approved by the International Organization for Standardization (ISO), used when transferring money between banks, particularly for international wire transfers, and also for the exchange

Charge made by a bank when money is withdrawn from a bank account and the available balance goes below zero. (source: http://en.wikipedia.org/wiki/Overdraft)