Thursday, December 15, 2011

How do i transfer money from one bank account to another?

could i go to the bank. and ask them to transfer an amount of money from my bank to another if i have the other accounts account number?





i need to make a payment|||If you would like to transfer the money from your account at one bank to another account at another bank, you will need to ask to do a Money Wire. There are fee's on them which depends on the bank, my bank charges 12$. You'll need to bring in the information of what bank, the routing number, your account number at their bank, etc. I would hurry though, most banks have a cutoff time and it will be processed tomorrow if you miss it.





EDIT: If you are transfering between just two accounts at one bank you can go into the branch, call, or if you have online banking set up you can transfer there as well.|||If it is at the same bank, you can do it online using your usual login information.





However, if it is a different bank, you will need to make a cash withdrawal from the first bank, then go make a deposit at the second. Sometimes the second bank will allow you to write them a check from the first, but cash deposits post faster.





Example:


I have a checking and savings account at Wells Fargo. I can transfer money between these accounts by logging into the Wells Fargo website.


If I want to transfer money to my Bank of America account, I have to withdraw the money from Wells Fargo and go make a deposit at Bank of America.





Hope that helps.|||If you contact your bank branch, they will give you a requisite form for "third party transfer" which is to be signed by you. Within 7 days, that facility will be activated in your online bank account.


Later, you need to add the payee details (name, bank account no, bank details etc.,)first %26amp; get it confirmed by the bank. Only after confirmation, you can do wire transfer of funds.

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