Glossary entry (derived from question below)
English term or phrase:
Beneficiary or debit party name
Spanish translation:
nombre del beneficiario o del deudor
- The asker opted for community grading. The question was closed on 2020-09-21 19:54:12 based on peer agreement (or, if there were too few peer comments, asker preference.)
Sep 18, 2020 14:50
3 yrs ago
23 viewers *
English term
Ecuador
Legal Translations done by a Lawyer!
Native in: English 
Works in: English to Spanish, Spanish to English, Portuguese
Beneficiary or debit party name
English to Spanish
Bus/Financial
Finance (general)
Beneficiary or debit party name
I am confused by this because while there is already quite a bit of discussion and answers on proz about "debit party," in this case, "beneficiary or debit party" are on the same line, which I understand as referring to one and the same party. However, the beneficiary party receives the "credit" in their account, and is not debited. So what is going on here? This is a bank transfer form with all of the information about the transfer.
It is a form from Citibank.
It is a form from Citibank.
Proposed translations
(Spanish)
| 4 +2 | nombre del beneficiario o del deudor |
EirTranslations
|
References
| ACH Transfers |
patinba
|
Proposed translations
+2
1 hr
EirTranslations
Ireland
Ireland
Native in English
&
Spanish
Specializes in field
Ireland
20 yrs+ quality translations, Trados
Native in: Spanish 
, English (Variants: British, Irish, UK, US)
Works in: English to Spanish, Spanish to English, Italian to English, and 8 more.
Related KudoZ points
:
25
Selected
nombre del beneficiario o del deudor
Del mismo Citibank
Citibank, acuerda que su cuenta se regirá por este Manual del. Cliente (en ocasiones ... forma, nuestra relación con usted será la de deudor y acreedor.
"persona llamada suscriptor a otra que recibe el nombre de beneficiario. ... El acreedor actúa en nombre del deudor a fin de remediar su desidia, .."
Citibank, acuerda que su cuenta se regirá por este Manual del. Cliente (en ocasiones ... forma, nuestra relación con usted será la de deudor y acreedor.
"persona llamada suscriptor a otra que recibe el nombre de beneficiario. ... El acreedor actúa en nombre del deudor a fin de remediar su desidia, .."
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
Reference comments
1 hr
Reference:
ACH Transfers
ACH debit transactions involve money getting “pulled” from an account. When you set up a recurring bill payment, for example, the company you’re paying can pull what it’s owed from your account each month.
ACH credit transactions let you “push” money online to accounts at different banks, either accounts you own or friends’ and family members’ accounts.
ACH credit transactions let you “push” money online to accounts at different banks, either accounts you own or friends’ and family members’ accounts.
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