How to transfer money to different bank accounts

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How to transfer money to different bank accounts
The mechanics of money transfer (The Hindu Business Line)

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 current account and you want to transfer money?

Skill level:
Easy

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Things you need

  • Current Account Numbers
  • Optional: Checkbook, Internet, Pen

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Instructions

  1. 1

    Verify that you can indeed transfer money from one bank account to another. If you can transfer money from one account to another.

  2. 2

    none

  3. 3

    Transfer 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.

Tips and warnings

  • Check your banking terms before taking advantage of any "service".

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