Thread: Can someone tell me what are non-financial transactions?

Hello Friends,

I heard that there are two types of transactions, Financial and non financial.
I don't have a clear idea about non financial transactions just know that the non financial transaction don't involve money and goods.


Can someone explain me what are non- financial transactions?

Originally Posted by Bhavya

Hello Friends,

I heard that there are two types of transactions, Financial and non financial.
I don't have a clear idea about non financial transactions just know that the non financial transaction don't involve money and goods.


Can someone explain me what are non- financial transactions?

Yes, non-financial transaction means where something doesn't have a monetary value, whereas you make transactions based on stuff that doesn't have a monetary value!

Originally Posted by Shivani

Yes, non-financial transaction means where something doesn't have a monetary value, whereas you make transactions based on stuff that doesn't have a monetary value!

Thank you for your clarification Shivani,

Non financial transactions involves no transfer of funds between accounts .
Change of user details ,balance,inquiry,mini statement printing
PIN change and cheque book request are the NFTs at ATM.

Thank you so much wondergirl,Now I know what are the transactions are non financial transactions.

Originally Posted by Bhavya

Hello Friends,

I heard that there are two types of transactions, Financial and non financial.
I don't have a clear idea about non financial transactions just know that the non financial transaction don't involve money and goods.


Can someone explain me what are non- financial transactions?

A transaction which cannot cause a monetary impact on the company are non-financial transactions.
Love, Respect, affection, gratitude, trust, compassion can be identified as some examples.
For further clarification use this example: Occurrence of the flood is a non-financial transaction whereas the loss occurred due to flood is a financial transaction.

Originally Posted by Lorraine

A transaction which cannot cause a monetary impact on the company are non-financial transactions.
Love, Respect, affection, gratitude, trust, compassion can be identified as some examples.
For further clarification use this example: Occurrence of the flood is a non-financial transaction whereas the loss occurred due to flood is a financial transaction.

Thank you for this clear explanation about non financial transactions, It's really helpful.