How to Transfer Money to a Different Bank Accounts
Banking online offers many advantages such as paying your bills online, having overdraft protection and transferring money from one account to another. So what happens if you have a separate savings account than your checking account and you want to transfer money?
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Instructions
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Verify that you can indeed transfer money from one bank account to another. If you can transfer money from one account to another.
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Find out if there is an additional fee for using this service. Some banks charge you an additional fee for transferring money to another bank since they want to keep your money.
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Transfer your money manually. There are several methods you can use to transfer money manually. You can write yourself a check then deposit it into the other account. There shouldn’t be any fees for doing this. You can also withdrawal the funds from one account, fill the deposit slip out and deposit the funds into the other account. As you can see, online banking takes the hassle out of personal financial management. Do your research to see if there are any fees associated with this type of service before you do it. Transferring money should not be a hassle for you. They are working for you, not the other way around.
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Sign up for a savings account like ING Direct. This bank connects to any checking or savings account electronically and can help you transfer money between accounts within one or two business days.
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Resources
- Photo Credit The Hindu Business Line
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Comments
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that's not helpful.
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tweet1991
Jun 25, 2009
Hi...I have a question regarding money transfer from one bank to another..is it necessary to make a new account at a certain bank where the money currently is for transferring the money to my account which is at another bank? Also, do I have to pay the service fee before or after the money transfer takes place?Please help!
