Glossary entry

English term or phrase:

transfer self to self

Dutch translation:

Overboeking op eigen rekening

Added to glossary by Ria van Eil
Jul 16, 2016 11:59
7 yrs ago
English term

transfer self to self

English to Dutch Bus/Financial Finance (general)
it however explained that payments deposits ir transfer by self to self whter inter or intra bank are affected in payment of VAT.
Change log

Jul 21, 2016 09:05: Ria van Eil changed "Edited KOG entry" from "<a href="/profile/21348">Bram Poldervaart's</a> old entry - "transfer self to self "" to ""Overboeking op eigen rekening""

Discussion

Kitty Brussaard Jul 17, 2016:
On second thoughts ... ... and on the basis of some additional research, I now think this might be quite simply about transactions/transfers between bank accounts held by the same natural person or legal entity. In that case, 'overboekingen tussen eigen rekeningen' would probably be the most idiomatic Dutch translation.

As far as I can see, references to 'transfer by self to self' or more fully 'transfers made by self to self' appear in publications about a circular issued by the Central Bank of Nigeria earlier this year. See for instance http://venturesafrica.com/cbn-introduces-new-tax-on-transact...
Kitty Brussaard Jul 16, 2016:
Self-to-self transactions? Self-to-self transactions in the sense of 'purchase and sale of own shares' (in- en verkooptransacties van eigen aandelen) was my first thought when I read this. These would probably be exempt from so-called 'stamp duty' (zegelrechten/heffingen).

But then again, there's quite a few typos in the source, which makes it hard to say anything conclusive about this. Further context would also be helpful.

Proposed translations

3 days 5 hrs
Selected

Overboeking op eigen rekening

Zo heet het bij van Lanschot. Doe dit zelf regelmatig.
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4 KudoZ points awarded for this answer.
1 day 4 hrs
English term (edited): transfers made by self to self

overboekingen tussen eigen rekeningen

I think this refers to what we could call 'overboekingen tussen eigen rekeningen' in Dutch, i.e. transactions between accounts held by the same natural person or legal entity. Refer to D-box and see also the links below.

The payment deposits and transfers 'by self to self' referred to in the source sentence seem to be similar to the exempt transactions referred to in the following circular issued by the Central Bank of Nigeria (CBN):
https://www.cbn.gov.ng/Out/2016/CCD/SCAN0001.pdf.

The Central Bank of Nigeria (CBN) has instructed all deposit banks (DMBs) and financial institutions operating in the country to begin placing a N50 charge on every bank deposit of 1000 and above.
(...)
However, the CBN has clarified that this new stamp duty excludes payment deposits or transfers made by self to self whether inter or intra bank and any form of withdrawal from savings accounts. Also, these charges are only payable by receiving accounts.
http://venturesafrica.com/cbn-introduces-new-tax-on-transact...

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