Okuzeka
Finance & Banking vocabulary · Payments & Cards

Payment recall

Meaning in finance & banking, with examples

nounAdvanced term

In finance & banking, payment recall means: A request to recover or stop a payment that has already been submitted.

In Turkish: ödeme geri çağırma talebi

How it is used

A recall is a request, not a guarantee that transferred money will be recovered.

Example sentences

  1. The bank submitted a payment recall after the customer reported the wrong account.

    The instruction seeks recovery of an already submitted transfer.

  2. The receiving bank asked for more details about the payment recall.

    Another institution may need to act before recovery is possible.

Common collocations

  • submit a payment recall
  • payment recall request
  • wire transferAn electronic transfer of money from one bank account to another, often between different banks or countries.
  • beneficiaryThe person or company that receives money from a payment, a letter of credit, an insurance policy or a will.

More terms: Payments & Cards

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This page explains English vocabulary for learners. It is not financial advice.