Our private transfer to ABC is an inter-bank transfer and remittance business. It is necessary to ensure that the payee's account name, account number and bank account number are correct in order to collect accounts smoothly. It usually takes one to three working days, and it can be received within one day if it is fast. If it is slow, it will take three working days, and the non-working days will be postponed, depending on the efficiency of both banks in handling business.

If the remittance elements are wrong, the money cannot be recorded after being remitted to the other bank, and it can only be returned to the remittance account in about a week.

Company accounts refer to basic account, general accounts, temporary accounts and special accounts. A unit can only open one basic account. For general accounts, a company can open multiple accounts according to business needs, and the number is not limited. According to the account management regulations of the People's Bank of China, an enterprise can only open one basic account, but it can open multiple general accounts. A company account is an account opened in the company's name. Cash, transfer checks and cash checks can be used, which are mainly used for capital transactions between companies.

Private account refers to a bank settlement account opened by a depositor in the name of a natural person with personal identity documents. Open personal debit cards and credit cards in banks and postal savings institutions. The difference between corporate accounts and private accounts: corporate accounts are supervised by banks, taxation and other departments (personal accounts filed with the tax bureau should be classified as corporate accounts). Private accounts are generally confidential unless they are illegal.

Unauthorized transfer of funds, unauthorized transfer of funds and withdrawal of cash, that is, illegal provision of services for others to withdraw cash from the unit bank settlement account or transfer the unit bank settlement account to a personal account, are illegal acts and constitute "illegal fund payment and settlement business".

Legal Basis: Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Application of Laws in Handling Criminal Cases of Illegal Payment of Settlement Funds and Illegal Trading of Foreign Exchange Article 1 Whoever violates State regulations and has one of the following circumstances belongs to "illegal payment of settlement funds" as stipulated in Item 3 of Article 225 of the Criminal Law:

(1) paying monetary funds to the designated payer by illegal means such as fictitious transactions, false pricing, transaction refund, etc. By accepting the terminal or online payment interface;

(2) Illegally providing services for others to cash out the unit bank settlement account or transfer the unit bank settlement account to a personal account;

(3) illegally providing cheque cashing services for others;

(four) other illegal payment of settlement funds.