Means of payment Crossword Clue

The crossword clue "Means of payment" with the answer "STANDING ORDER" refers to a financial arrangement used to make regular, fixed payments from a bank account. A standing order is an instruction given to a bank by a customer to transfer a set amount of money at regular intervals, such as monthly or quarterly, to another account or recipient.

This method is commonly used for routine payments like rent, subscriptions, or utility bills. It ensures that payments are made consistently and on time without the need for manual intervention each time, making it a practical and efficient means of managing recurring payments.

The crossword clue "Means of payment" with the answer "DEBIT CARD" refers to a widely used financial tool that allows individuals to make payments directly from their bank accounts. A debit card is issued by a bank and is linked to the cardholder's checking or savings account.

When a transaction is made, the amount is automatically deducted from the account, providing a convenient and secure method for purchasing goods and services.

The crossword clue "Means of payment" with the answer "CASH" refers to physical money used to make transactions. Cash includes paper currency and coins, and is one of the most direct and universally accepted forms of payment.

It allows for immediate and straightforward exchanges of value between parties, without the need for electronic processing or bank involvement. Cash transactions are especially useful for small purchases and in situations where electronic payment methods are not available.

The crossword clue "Means of payment" with the answer "CHEQUE" refers to a written, dated, and signed document that authorizes a bank to pay a specified amount of money from the drawer's account to the person or entity named on the cheque.

A cheque is a traditional method of payment that provides a paper-based alternative to cash and electronic transactions. When presented for payment, a cheque can be processed by the bank to transfer funds, making it a formal and widely recognized means of settling financial obligations.