IBTs

IBTs is an acronym that denotes several concepts depending on context, but in financial services it most commonly refers to Interbank Transfers: electronic movements of funds from an account held at one bank to an account at another bank. These transfers enable customers and corporate treasuries to pay suppliers, collect payments, and settle obligations across institutions.

Process and networks: Interbank transfers are typically initiated by the sender's bank through an electronic funds transfer network. Settlement occurs either in real time or in batch cycles, depending on the network (for example, real-time gross settlement systems or batch-based payment rails). In many jurisdictions, transfers are subject to anti-money laundering checks, customer due diligence, and regulatory reporting. Fees and processing times vary by method, with real-time rails usually faster but possibly more costly than batch systems. Cross-border interbank transfers may involve correspondent banks, foreign exchange conversion, and compliance checks with foreign regimes.

Other uses and notes: The abbreviation IBT is also used in other domains—for example, some institutions refer to Inter-Branch Transfers or International Bank Transfers in internal documents. The exact meaning is context-dependent and should be verified from the source. In educational, technical, or media contexts, IBT may stand for different terms, so clarifying the field of use is important when the acronym appears.