remitter: the principle by which a person out of possession of land to which he had a good title is adjudged to regain this when he again enters into possession of the land. Meaning of money remitter. Proper usage and sense of the word/phrase money remitter. Consequently, many banks only issue money orders with face amounts of $1,000 or less and require people who need larger negotiable instruments to buy cashier's checks. A bank code is a series of numbers that is used to identify banks around the world, for example: BSB (Bank-State-Branch) BIC (Business Identification Code) SWIFT Code (standard format of Business Identification Codes) CHIPS (Clearing House Inter-Bank Payment System) – US and Canada only; NCC (National Clearing Code) BSC (Bank Sort Code) Information about money remitter in the Titi Tudorancea encyclopedia: no-nonsense, concise definitions. An application for a bank transfer (in other words, a bank transfer instruction) is a special document in which the client asks for the transfer of the corresponding amount of funds to pay for the accounts of the remitter (encapsulated documents). A remitter must be present at the time of the issuance of a cashier's check. Beyond this requirement, the remitter may be the payee or a third party unless otherwise prohibited by local or state law. SENDER is REMITTER. translation and definition "money remitter", Dictionary English-English online. She must be the person who pays for the check and its issuance fees. Definition of Remitter: In a documentary collection, an alternative name given to the seller who forwards documents to the buyer through banks. Banks pre-print the name of the purchaser of a cashier's check into the remitter field and this resolves issues related to the identity of the remitter. A common way to pay a remittance is by sending an international transfer through your bank. If you’re sending money abroad from the US, you might need a little more help on how to make an international wire transfer. (15) " Remitter" means a person who purchases an instrument from its issuer if the instrument is payable to an identified person other than the purchaser. In addition to money orders, a remitter line is present on cashier's checks, teller checks and some traveler's checks. money remitter. What does money remitter mean? If there are not sufficient funds in the remitter’s account to cover the draft, the bank can return the check. You can call into your local bank branch and sort it out in person or through your bank’s online banking system or app. Definition of money remitter in the Titi Tudorancea Encyclopedia. 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