Optional ft meaning

1. What does optional FT mean Barclays?
2. What does FT mean on bank transfer?
3. What is mobile channel FT?
4. What does first party transfer mean?

What does optional FT mean Barclays?

Hi Gemma, FT stands for funds transfer.

What does FT mean on bank transfer?

A Funds Transfer (FT) contract is a transaction whereby funds are moved from the account of one party (called the remitter) to another party (called the beneficiary).

What is mobile channel FT?

Mobile channel FT payment stands for “funds transfer” mobile payment, wherein funds are moved from the account of one party (the remitter) to the account of another (the beneficiary). The reference “mobile channel FT” on a bank statement means that the funds have been made using a mobile banking app.

What does first party transfer mean?

Hi Sharif, a first party transfer is a transfer between your own accounts.