A credit transfer is a direct payment of money from one bank account into another.
[British]regional note: in AM, use money transfer
2. countable noun
If a student has a credit transfer when they change from one school or college to another, their credits are transferred from their old school or college to their new one.
[US]
credit transfer in British English
noun
a method of settling a debt by transferring money through a bank or post office, esp for those who do not have cheque accounts