MTE (Machine Transfer Entry)

An entry initiated at an electronic terminal, such as an automated teller machine (ATM). This entry can either be a debit or a credit.

Related Terms

  • Convenience Fees

    These fees allow for the quick offset of transaction processing costs for methods of payment that are outside of a business’s traditional methods. Learn More

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  • On-Us Entry

    Occurs when both the receiver and originator of a transaction have depository accounts at the same depository financial institution.

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