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Glossary

List of the most representative services associated with payment accounts and respective harmonized terminology, in accordance with Instruction No. 11/2018 of the Bank of Portugal.

Account maintenance

The payment service provider manages the account for use by the customer.

Intrabank Credit transfer
The payment service provider transfers, by order of the customer, funds from the customer’s account to another account at the same institution.

Standing order Intrabank

The payment service provider makes regular transfers of a fixed amount of money from the customer’s account to another account at the same institution on the customer’s order.

SEPA Credit transfer SEPA+

Payment service provider transfers on behalf of the customer funds from the customer’s account to another account within SEPA+.

SEPA standing order +

The payment service provider makes regular transfers of a fixed amount of money from the customer’s account to another account within SEPA+ on the customer’s order.

Non-SEPA credit transfer +

The payment service provider transfers, on the customer’s order, funds from the customer’s account to another account outside the SEPA+ area.

Non-SEPA standing order +

The payment service provider makes regular transfers of a fixed amount of money from the customer’s account to another account outside SEPA+.

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