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Q:

What's an Inter Account Transfer (IAT)?

A:

This is a way of transferring funds in sterling or another currency between the accounts you have registered on Bankline.

A Domestic IAT is a transfer in sterling between two of your domestic sterling accounts. A Currency IAT is a transfer between two of your accounts, at least one of which is not a sterling account.

Usually, you'll be able to see and use the transferred funds immediately. We calculate interest on the closing balances of your accounts every day.

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