remittance to bank vs remitted to bank

Both phrases are correct, but they are used in different contexts. 'Remittance to bank' is used to refer to the action of sending money to a bank, while 'remitted to bank' is used to describe the past action of sending money to a bank.

Last updated: March 26, 2024 • 1343 views

This phrase is correct and commonly used to refer to the action of sending money to a bank.

"remittance to bank"

This phrase is used to describe the act of sending money to a bank for a specific purpose, such as making a payment or deposit.

Examples:

The remittance to the bank was processed quickly.
Please ensure that the remittance to the bank includes the correct account number.

Show examples from the web [+]

These public-private partnerships benefit all participants: the developmental impact increases because of larger collective remittances and companies and banks build trust towards their customers.
The entry Barakat Banks and Remittances (alias (a) Barakaat Bank of Somalia Ltd., (b) Baraka Bank of Somalia).
Barakat Banks and Remittances (alias (a) Barakaat Bank of Somalia Ltd., (b) Baraka Bank of Somalia).
The entry 'Barakat Banks and Remittances, Mogadishu, Somalia; Dubai, UAE' under the heading 'Legal persons, groups and entities' shall be replaced by the following:
According to the World Bank, private remittances to developing countries in 2009 amounted to some USD 317 billion.
«Migrant remittances to regions neighbouring the EU», February 2007.
Other forms of co-development focus on steering remittances to entrepreneurial or investment-related activities.
Therefore, the Eurosystem calls upon the EPC to start working on customer-to-bank and bankto-customer standards and implementation guidelines, in particular for structured remittance data and automatic reconciliation in SEPA credit transfers and SEPA direct debits.
Additionally, migrants send remittances to their home countries and thus contribute to development of countries of origin.
The Cooperative for American Remittance to Europe... is assembling food packs to assist European families in dire need.
Concepts of Co-Development have the potential to channel private remittances to infrastructure projects that benefit the general public (5.1-5.2).
Restrictions to legally accepting migrants in destination countries will consequently negatively impact the flow of remittances to source countries.
The key role of migrants' remittances to their families
Moreover, there are many transactions that are effected without the use of a payment account (e.g. money remittances to non-banking customers).
Furthermore, irregular migration harbours negative developmental consequences: there is limited opportunity for integration in host countries and the high costs of such migration diminish the prospects for remittances to source countries.
Hence immigrants' remittances to their countries of origin must be made secure, the cost of sending them must be reduced and they must be channelled into local-development projects.
The third article focuses on migrant remittances to regions neighbouring the EU in the southern, south-eastern and eastern parts of Europe.
o facilitate migrants' remittances to countries of origin on more favourable terms and ensure that those countries take these important contributions into account in national economic development plans,
Qualifying Companies are also of particular benefit in situations where a subsidiary company needs to make income remittances to a foreign parent and is required to have suffered tax at a certain level to reduce further taxation in the home country.
whereas migrants' remittances to developing countries exceed global aid budgets, and whereas, although the EU made a commitment in 2008 to lower the cost of remittances, only minimal changes have been made;

Alternatives:

money transfer to bank
payment to bank
deposit to bank
funds sent to bank
transaction to bank

This phrase is correct and commonly used to describe the past action of sending money to a bank.

"remitted to bank"

This phrase is used to indicate that money has been sent to a bank in the past for a specific purpose.

Examples:

The funds were remitted to the bank yesterday.
She remitted the payment to the bank last week.

Show examples from the web [+]

Agreed. Four million was remitted to your account.
These subsidies would be remitted to the Ministry of Emergencies, which is headed by Dogan's deputy, Mrs. Emel Etem.
Any interest charged on such payment facilities should also be remitted to the Member State in which the applicant authority is situated.
Nor can it be reconciled with the explicit possibility to admit customers without payment provided that 80 % of the price is nonetheless remitted to the State.
As a product moves from one company to the next (between VAT registered traders) VAT is charged and collected and remitted to the domestic fiscal authority.
The entire amount of the claim that is recovered by the requested authority shall be remitted to the applicant Member State.
The entire amount of the claim that is recovered by the requested authority shall be remitted to the applicant Member State within fourteen days of the request.
For example, it could happen that, out of EUR 1000 remitted to a country, only EUR 800 reaches the recipient since the charges are so high.
This issue was remitted to the 60th session of the Commission and it is likely to be very sensitive in the upcoming session.
Any interest charged by the requested party in respect of such extra time to pay shall also be remitted to the applicant party.
The proportion of 80 % of the entrance ticket is remitted to the State.
Any interest charged by the requested authority in respect of such extra time to pay shall also be remitted to the Member State in which the applicant authority is situated.
During this transition period ETA, inter alia, remitted to the State 80 % of the EUR 6 price of admission tickets in Mont Parnès and Corfu.
whereas any interest charged on such payment facilities must also be remitted to the Member State in which the applicant authority is situated;
Any interest charged by the requested authority in respect of such extra time to pay shall be remitted to the Member State in which the applicant authority is situated.
In addition, retained earnings are treated as if they were distributed and remitted to foreign direct investors in proportion to their ownership of the equity of the enterprise and then reinvested by them.
(d)ensure that in transactions involving a unit trust's assets any consideration is remitted to it within the usual time limits;
(b)ensure that in transactions involving a company's assets any consideration is remitted to it within the usual time limits;
(c) in transactions involving the assets of an AIF, any consideration is remitted to it within the usual time limits; and
Moreover, where such mechanisms do exist, what procedures are in place to ensure that the VAT applied is remitted to the tax authority of the relevant Member States?

Alternatives:

sent to bank
transferred to bank
deposited in bank
forwarded to bank
dispatched to bank

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remittance to bank vs remitted to bank