Inter Bank Transfers

Definition ∞ Inter bank transfers are the movement of funds between different financial institutions. These transactions facilitate payments and settlements across the traditional banking system, often relying on established networks like SWIFT or national clearing houses. They represent a fundamental mechanism for commerce and financial operations, enabling individuals and businesses to transact with parties holding accounts at other banks. The speed and cost of these transfers vary by region and system.
Context ∞ In crypto news, inter bank transfers are frequently contrasted with the speed and cost-efficiency of blockchain-based payments. Discussions often highlight how digital assets and stablecoins could offer alternatives to conventional inter bank settlement processes, potentially reducing friction and latency in cross-border transactions.