crediting the amount into vs crediting the amount to

Both phrases are correct, but they are used in different contexts. 'Crediting the amount into' is used when specifying the destination account where the amount is being transferred, while 'crediting the amount to' is used when indicating the recipient or beneficiary of the amount. Therefore, the choice between the two depends on the specific information you want to convey.

Last updated: March 24, 2024 • 703 views

This phrase is correct and commonly used when specifying the destination account where the amount is being transferred.

"crediting the amount into"

This phrase is used when you want to indicate the specific account into which an amount is being transferred. It highlights the destination of the credit transaction.

Examples:

We will be crediting the amount into your savings account.
The bank will be crediting the amount into the company's account.
Please provide the details for crediting the amount into the designated account.

Show examples from the web [+]

The payment instruction is settled by debiting the amount indicated in the payment instruction from the sub-account of a participant of the AS initiating the payment instruction and crediting such amount to the sub-account of a participant of another AS.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the sub-account of a participant of the AS using the interfaced model and crediting such amount to the mirror account used by the AS using the integrated model.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the mirror account used by the AS initiating the payment instruction and crediting such amount to the mirror account used by another AS.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the mirror account used by the AS using the integrated model and crediting such amount to the sub-account of a participant of another AS.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the sub-account of a participant of the ancillary system initiating the payment instruction and crediting the sub-account of a participant of another ancillary system.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the sub-account of a participant of the ancillary system using the interfaced model and crediting the mirror account used by the ancillary system using the integrated model.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the mirror account used by the ancillary system initiating the payment instruction and crediting the mirror account used by another ancillary system.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the mirror account used by the ancillary system using the integrated model and crediting the sub-account of a participant of another ancillary system.
Where the Member State fails to do this, it is held financially liable and required to pay the amount into the Communities' budget in accordance with Article 17(2) of Regulation 1150/2000.
Where the Member State fails to do this, it is held financially liable and required to pay the amount into the Community budget in accordance with Article 17(2) of Regulation (EC) No 1150/2000.
Where the Member State fails to do this, it is held financially liable and required to pay the amount into the Community budget in accordance with Article 17(2) of Regulation (EC, Euratom) No 1150/2000.
Member States which required the payments in a national currency other than euro shall convert the amounts into euro using the exchange rate valid for the last date of the reporting period.
This amendment brings the amounts into line with the proposed aid scheme and with the distribution of aid on a 50-50 basis between producers and processors.
Member States which have required the tax return to be made in a national currency other than euro, shall convert the amounts into euro using the exchange rate valid for the last date of the reporting period.
Member States which have required the tax return to be made in a national currency other that euro, shall convert the amounts into euro using the exchange rate valid for the last date of the reporting period.
The amount of any charges levied may also be zero as the provisions of this Directive do not affect the practice whereby the payment service provider does not charge consumers for crediting their accounts.
The amount of any charges levied may also be zero as the provisions of this Directive do not affect the practice whereby the payment service provider does not charge consumers for crediting their accounts.
With regard to the reliefs granted within the amounts fixed in euro, rules for the conversion of such amounts into national currencies should be drawn up,
Modalities for crediting the Central Bank of Cyprus' claim
HAVE AGREED AS FOLLOWS: Article 1 Modalities for crediting the Central Bank of Malta's claim 1.

Alternatives:

transferring the amount into
depositing the amount into
posting the amount into
allocating the amount into
placing the amount into

This phrase is correct and commonly used when indicating the recipient or beneficiary of the amount.

"crediting the amount to"

This phrase is used when you want to specify the person or entity to whom the amount is being credited. It focuses on the recipient of the credit transaction.

Examples:

The bank will be crediting the amount to your account.
We are crediting the amount to the vendor's account.
Please provide the details for crediting the amount to the beneficiary.

Show examples from the web [+]

The payment instruction is settled by debiting the amount indicated in the payment instruction from the sub-account of a participant of the AS initiating the payment instruction and crediting such amount to the sub-account of a participant of another AS.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the sub-account of a participant of the AS using the interfaced model and crediting such amount to the mirror account used by the AS using the integrated model.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the mirror account used by the AS initiating the payment instruction and crediting such amount to the mirror account used by another AS.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the mirror account used by the AS using the integrated model and crediting such amount to the sub-account of a participant of another AS.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the sub-account of a participant of the ancillary system initiating the payment instruction and crediting the sub-account of a participant of another ancillary system.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the sub-account of a participant of the ancillary system using the interfaced model and crediting the mirror account used by the ancillary system using the integrated model.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the mirror account used by the ancillary system initiating the payment instruction and crediting the mirror account used by another ancillary system.
The payment instruction is settled by debiting the amount indicated in the payment instruction from the mirror account used by the ancillary system using the integrated model and crediting the sub-account of a participant of another ancillary system.
(2) The amount to be charged should be revised at regular intervals.
For the United Kingdom, liquidity multiple term trading amounts to around three times the amount consumed.
This is the amount to be disclosed.
Consequently, investors' contributions amount to only some 90 % of the amounts guaranteed.
The report shall specify the estimated financial loss and the amounts to be recovered.
The amount available for allocation in 2006 amounts to EUR 64.612.000.
The report shall specify the estimated financial loss and the amounts to be recovered.
The amount to be recovered should be indicated in this report.
The amount to be paid depends on the storage capacity.
In this proposal it amounts to only half of the amount proposed by the Commission.
The amount to be exempted should correspond to this withdrawal percentage.
Please explain in detail how the interest payable on the amount to be recovered will be calculated.

Alternatives:

transferring the amount to
depositing the amount to
posting the amount to
allocating the amount to
placing the amount to

How TextRanch works

Fast and reliable proofreading, editing, and language advice tailored to your needs.

1. Choose Your Service

Quick Text Editing

Emails and short texts
Proofreading & editing
Ready in 5-10 minutes

SUBMIT YOUR TEXT NOW

Document Editing

Documents of any type (*.docx)
Advanced & Premium editing
Ready in as little as 4 hours

UPLOAD YOUR DOCUMENT

Ask an Editor

Personalized answers to your language questions
Expert guidance on grammar, style, and usage
Ready in 24 hours

ASK YOUR QUESTION

Upload your document or paste your text directly into our platform. Your text is reviewed and refined by our expert editors (real people, not machines) who understand the nuances of English. Expect corrections, improvements, and insightful suggestions that enhance the clarity, tone, and professionalism of your writing.

3. Receive Your Polished Text

In just a few minutes (or hours for longer documents), you'll receive your corrected text. Review the changes, make any final adjustments, and confidently share your polished English with the world.
You can count on a personalized, friendly service every time you use TextRanch. We're committed to helping you make a great impression with every word you write.

We proofread and edit these types of texts and documents:

Short texts Business Emails Personal Emails Social media posts Resume and Curriculum Vitae Business documents Sales proposal Research and academic papers Thesis Dissertation Essays Articles Blog posts and much more....

Our Customers Love Us!

We have an average rating of 4.79 stars based on 283125 votes, and

4.9 Excellent - Reviews 2.137

"7 years without any disappointment. Always 100% satisfied. You guys are the best in the world at what you do. Thank you so much :)"

Zubair
from Bangladesh

"I wasn't aware of this service, it's fascinating and more reliable than standard IA tools available on the internet"

Arturo
from Mexico

"In a world of text messages and online communication, this is great to have as a live tool. Thank you."

Selena
from USA

"Wow, it's just so excellent. I never would have believed I could have a sure and excellent English companion. Thanks, TextRanch."

Ifiok
from Nigeria

"This is my first time using TextRanch, and I like how the editors take time to correct my text. To everyone who has never used TextRanch before, I highly recommend trying it."

Wilson
from France

"It is an amazing source of feedback because, as a non-native speaker, I really need to have a reliable helper correct my text."

Susan
from Germany

crediting the amount into vs crediting the amount to