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Inter and Intra Banking: What is the difference?

What are "inter" and "intra" banking and what is the difference between the two?

"Intra" means within, as in a transfer within the bank. Your bank may have an agreement where you designate your accounts to and from which funds may go. A checking and savings account at the same bank are examples.

"Inter" means between, such as from one bank to another bank. You may set up a transfer of funds from your bank to your child's local bank while they are away at college.

Published on 6/07/07