Beneficiary or debit party name

Spanish translation: nombre del beneficiario o del deudor

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English term or phrase:	Beneficiary or debit party name
Spanish translation:	nombre del beneficiario o del deudor

14:50 Sep 18, 2020

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.)

English to Spanish translations [PRO]
Bus/Financial - Finance (general) / Beneficiary or debit party name

English term or phrase: 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.

Heather Hayes KudoZ activity Questions: 7 (none open) (1 without valid answers) Answers: 3 Ecuador
Local time: 15:11

nombre del beneficiario o del deudor

Explanation:
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, .."

Selected response from:

EirTranslations
Ireland
Local time: 21:11

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nombre del beneficiario o del deudor

EirTranslations

Summary of reference entries provided

ACH Transfers

patinba

Answers

1 hr confidence:

peer agreement (net): +2

beneficiary or debit party name

nombre del beneficiario o del deudor

EirTranslations
Ireland
Local time: 21:11
Specializes in field
Native speaker of:

Spanish,

English
PRO pts in category: 25

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Reference comments

1 hr

Reference: ACH Transfers

Reference information:
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.

patinba
Argentina
Specializes in field
Native speaker of:

English
PRO pts in category: 1550

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Beneficiary or debit party name

Spanish translation: nombre del beneficiario o del deudor

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