Banking
Outward Remittance — Fee Income
Charging a fee for sending an international money transfer on behalf of a customer.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Customer Account (Principal + Fee) | Liability (-) | 1,025.00 | - |
| Nostro / Settlement Account (Principal) | Asset (-) | - | 1,000.00 |
| Remittance Fee Income | Revenue (+) | - | 25.00 |
💡 Accountant's Note
Remittances are a major revenue stream for Jordanian banks given the large diaspora population sending money to family. Competition from fintechs has compressed fees but banks retain trust and compliance advantages.
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