Instructing Bank

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Dictionary Says

Definition of 'Instructing Bank'

One of the banks that plays a role in a transfer of funds between two parties. The instructing bank is the one that initiates the fund transfer process. It takes the instructions for the transfer from the customer regarding who receives the funds and the amount to be sent.
Investopedia Says

Investopedia explains 'Instructing Bank'

An instructing bank is also known as the ordering party. It is the opposite of an advising bank, which receives the transfer of funds and then alerts the receiving party that the transfer has been effected. The term refers to the role a bank plays in the process; the same bank can be both the instructing bank and advising bank on different fund transfers.
Search results for

'Instructing Bank'

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    ... few pages of fill-in-the-blank letters that you can send to various places instructing
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    ... way: The business writes an invoice to the customer, instructing the customer ... they
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    ... be established in nonretirement and retirement accounts with a form instructing
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    ... be established in nonretirement and retirement accounts with a form instructing
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  • The Biggest Stock Scams Of All Time

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    ... hasn't "accidentally" taken two $500 bills from the Monopoly bank, or forgotten ... the
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    ... But around this time, company CEO and founder Richard Scrushy began instructing
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    ... But around this time, company CEO and founder Richard Scrushy began instructing
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    http://www.investopedia.com/slide-show/biggest-stock-scams/1985-EF-Hutton.aspx
    ... But around this time, company CEO and founder Richard Scrushy began instructing
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    http://www.investopedia.com/slide-show/biggest-stock-scams/2002-wordcom.aspx
    ... But around this time, company CEO and founder Richard Scrushy began instructing
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  • Biggest Stock Scams Slideshow | Investopedia

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    ... But around this time, company CEO and founder Richard Scrushy began instructing
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