How to Transfer Bank Funds Between Accounts

Once in awhile, an occasion may arise that requires you to transfer bank funds. Some of the most common transfers occur between checking and savings accounts, however there are many kinds of transfers. Here is a simple, step by step guide to help you transfer bank funds from one account to the other.

Difficulty: Easy

Instructions

1. 
   Check your balance before you transfer bank funds

   Check the balance of the account you plan on taking money out of. It is always a good idea to make sure you have enough money in the account before you make a withdrawal.

2. Complete a withdrawal slip. This if a form detailing the money that you transferring out of an account. Double check the account number to make sure you have the correct one listed, and be sure to sign the withdrawal slip in the correct location.

3. Next, fill out of deposit slip. You will need to write the account number of the bank account that you want to transfer money into. Make sure to include your name, date, account number, and amount of money you are depositing.

4. 

   After your forms are complete, hand the teller your withdrawal slip, deposit slip, and identification and tell them that you want to transfer bank funds. They will then make the correct changes to your account to move the money.

5. Lastly, ask the teller when the transfer will be in effect. Processing times for transfer transactions involving varies from bank to bank, so be sure that you understand your bank's policy so that you will know when your money will be available.