It is an automated service that allows the client to pay the bill at a specific time of the day / day / month / year without the client's intervention.

Using an Auto Transfer, money is transferred from one account to another without the client's involvement.

Today, most countries of the world have automated payment systems that accommodate different types of commercial services (purchases of goods and services from companies and institutions), e-commerce and banking services, such as payment of bills and loans, payment of pensions, health insurance, etc. These are just a few examples of how they are used.

Automatic payment and automatic transfer are financial mechanisms that streamline the management of recurring transactions. Automatic payment involves authorizing a company or service provider to withdraw funds from your account on a regular basis to cover bills or subscriptions. This ensures timely payments without manual intervention, reducing the risk of missed deadlines or late fees. On the other hand, automatic transfer involves moving funds between accounts automatically, often for purposes like savings or debt repayment. For instance, you might set up an automatic transfer to move a portion of your paycheck into a savings account each month. Both automatic payment and transfer offer convenience and efficiency, but it's important to monitor them regularly to ensure accuracy and prevent any unexpected withdrawals or transfers.