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Olgaa Posted 16 years ago
Vocabulary

Bank operations or transactions

Which phrase is more appropriate in banking terms: Bank operations or Bank transactions? Or maybe both? but there is a difference?
  

Top answer

Greetings, Olga, 'bank operation' is a firmly established collocation in relation to banking institutions, which includes taking deposits, issuing cheques, exchanging foreign currencies, etc. I would say that 'transaction' has a broader meaning, being the building block of any business. A transaction is the moment when the customer buys an article or a service in exchange for money.

— Andriy Lapin

  • Greetings, Olga, 'bank operation' is a firmly established collocation in relation to banking institutions, which includes taking deposits, issuing cheques, exchanging foreign currencies, etc.
  • I would say that 'transaction' has a broader meaning, being the building block of any business.
  • A transaction is the moment when the customer buys an article or a service in exchange for money.
  • It is also used when talking about legally binding agreements of persons or legal entities with banks.
  • Respectfully, Gleb Chebrikoff
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2 Answers
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Greetings, Olga,

'bank operation' is a firmly established collocation in relation to banking institutions, which includes taking deposits, issuing cheques, exchanging foreign currencies, etc. I would say that 'transaction' has a broader meaning, being the building block of any business. A transaction is the moment when the customer buys an article or a service in exchange for money. It i
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[url=http://www.turtlesoft.com/goldenseal-software-reference/banktran.htm]HERE[/url] is page which includes references to many common bank transactions-- in fact, it seems to be the name of the software as well. And [url=
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