Cash Transfer Operation

• ACCREDITATIONS

Operation by which a financial institution makes funds available to a client based on their instructions (AFNOR). Two types of accreditations are distinguished in this case:

1. Simple accreditation or "availability"
2. Permanent accreditation.

• DEBIT AUTHORIZATION

A payment method used to collect certain debts, usually of a repetitive nature, whereby the debtor gives their bank permanent authorization to debit their account based on a document issued by certain creditors.

• SIMPLE ACCREDITATION OR "AVAILABILITY"

Simple accreditation or "availability" is when, at the request of a client, an agency (issuing office) makes funds available to another agency (paying office) by transferring the provision. The funds can be used, in principle, exclusively in the form of cash withdrawals:

1. For a specified period
2. Once or several times
3. By the client themselves or a designated person.

At the end of the specified period, any unused funds are returned by the paying office to the issuing office, subject to their agreement.

• PERMANENT ACCREDITATION allows a client with a current account to have access to funds, subject to certain conditions, in a branch other than the one holding their account, without a prior transfer of the provision.

• CHECK OR EFFECTS DEPOSIT

An operation by which an account holder entrusts their bank or a correspondent with the task of cashing or discounting the checks or promissory notes they hold.

• TRANSFER

A transfer operation involves a client instructing the debiting of their account to transfer a specific amount to credit the account of a beneficiary (themselves or a third party) held at Credit Lyonnais or at another institution.