Cobro por cuentas colectoras

English translation: Payments (made) via receiving banks/accounts

20:05 Dec 5, 2012
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: Cobro por cuentas colectoras
From a (Spanish) bank form used in the payment of university fees

Operación: Cobro por cuentas colectoras

This appears in a box giving instructions to the bank clerk on how to process said payment ("Keep one copy of the form, give the other to the customer" etc)
William Pairman
Spain
Local time: 15:27
English translation:Payments (made) via receiving banks/accounts
Explanation:
This is the nearest I can find.

4A-103. PAYMENT ORDER - DEFINITIONS.

(a) In this Article:

(1) "Payment order" means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if:

(i) the instruction does not state a condition to payment to the beneficiary other than time of payment,

(ii) the receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from, the sender, and

(iii) the instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.

http://www.law.cornell.edu/ucc/4A/article4A.htm

receiving bank
Definition
noun
a bank which receives money via electronic transfer

Read more: http://www.investorwords.com/10812/receiving_bank.html#ixzz2...

What is the longest it should take for a payment from my account to get to the receiving account?
It depends how you make that payment. However, your bank must tell you the maximum time it will take to make a payment.

If a payment does not arrive in your account or the receiving account by the time you expect, ask your bank to explain what has gone wrong.

http://www.fsa.gov.uk/consumerinformation/product_news/banki...
Selected response from:

Helena Chavarria
Spain
Local time: 15:27
Grading comment
Many thanks Helena and David!
4 KudoZ points were awarded for this answer



Summary of answers provided
3Accept payment via collection accounts
David Hollywood
3Payments (made) via receiving banks/accounts
Helena Chavarria


Discussion entries: 2





  

Answers


43 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Accept payment via collection accounts


Explanation:
I would suggest

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Note added at 44 mins (2012-12-05 20:50:04 GMT)
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or: Receive payment etc.

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Note added at 1 hr (2012-12-05 21:16:02 GMT)
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or just: Payment via collection accounts (as a heading)

David Hollywood
Local time: 10:27
Works in field
Native speaker of: English
PRO pts in category: 842
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Payments (made) via receiving banks/accounts


Explanation:
This is the nearest I can find.

4A-103. PAYMENT ORDER - DEFINITIONS.

(a) In this Article:

(1) "Payment order" means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if:

(i) the instruction does not state a condition to payment to the beneficiary other than time of payment,

(ii) the receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from, the sender, and

(iii) the instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.

http://www.law.cornell.edu/ucc/4A/article4A.htm

receiving bank
Definition
noun
a bank which receives money via electronic transfer

Read more: http://www.investorwords.com/10812/receiving_bank.html#ixzz2...

What is the longest it should take for a payment from my account to get to the receiving account?
It depends how you make that payment. However, your bank must tell you the maximum time it will take to make a payment.

If a payment does not arrive in your account or the receiving account by the time you expect, ask your bank to explain what has gone wrong.

http://www.fsa.gov.uk/consumerinformation/product_news/banki...


Helena Chavarria
Spain
Local time: 15:27
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 151
Grading comment
Many thanks Helena and David!
Login to enter a peer comment (or grade)



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