> What is TFR in banking terms?

What is TFR in banking terms?

Posted at: 2014-12-05 
I opened a new bank account, and, there was this "TFR withdrawal"? wat is TFR, and i never withdrawed any money since i opened an account?

It is an abbreviation for transfer. It means money went from one account to another. An example may be if you have automatic transfers sent to your savings account, or if you used a fund transfer to pay on a bank credit account. If you did not authorize the transfer your should contact the bank immediately to resolve the issue.

I opened a new bank account, and, there was this "TFR withdrawal"? wat is TFR, and i never withdrawed any money since i opened an account?