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

  • ACH Credit

    An ACH credit occurs when the receiver’s account is credited.

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  • CCD (Corporate Credit or Debit)

    A CCD entry is a credit or debit entry where funds are being transferred between two corporate entities.

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