A person is guilty of an offence if by any deception he dishonestly obtains a money transfer for himself or another.
A money transfer occurs when—
(a) a debit is made to one account,
(b) a credit is made to another, and
(c) the credit results from the debit or the debit results from the credit.
References to a credit and to a debit are to a credit of an amount of money and to a debit of an amount of money.
It is immaterial (in particular)—
(a) whether the amount credited is the same as the amount debited;
(b) whether the money transfer is effected on presentment of a cheque or by another method;
(c) whether any delay occurs in the process by which the money transfer is effected;
(d) whether any intermediate credits or debits are made in the course of the money transfer;
(e) whether either of the accounts is overdrawn before or after the money transfer is effected.
A person guilty of an offence under this section shall be liable on conviction on indictment to imprisonment for a term not exceeding ten years.