What is a Remitter?

A remitter is someone who sends money to another person or entity, often as part of a financial transaction. The term is commonly used in the context of payments, such as when an employer sends money to an employee's bank account, or when a customer sends money to a vendor as payment for goods or services.

In the context of international money transfers, a remitter may be an individual or business that sends money to another country, often through a money transfer service like Western Union or MoneyGram. The remitter would typically provide the recipient's information, such as their name and bank account details, and the money would be sent directly to the recipient's account.

The term "remitter" is also sometimes used in the context of insurance claims, where the person who files the claim is referred to as the remitter. In this case, the remitter would be the person or entity making the claim, and the insurance company would be the recipient of the claim payment.