Yes. Most ATM machines these days come with capabilities to transfer money to other accounts of the same bank. If you have an account with say XYZ bank and use the ATM of the XYZ bank, you can transfer money to any other customer who has a XYZ bank account using that ATM.
Note: Not all banks have this feature but there are many banks that do so.
A credit transfer is a method of settling a debt by transferring money through a bank or post office, especially for those who do not have cheque accounts. It's the transfer of money from one account to another account, basically.
how do send a mail to bank while transfer money from account to another
You can transfer it ONLINE by yourself through "SBI Money Transfer" (RTGS and NEFT) if you have your Internet Banking password and username. Another option would be issuing a cheque from your SBI account and have it deposited in the CBI Bank account. technofizi.com/time-takes-for-neft-transfer-money-online/
Indirect transfer as a method of money transfer is made from one bank account to another bank account. This is a cash transfer made in any cash office.
Once money is put in you cannot remove it or transfer it to another program.
You have to set up an electronic transfer through your bank, in your case Chase bank. When you set up an online transfer through your bank, they will process the request to transfer money through the Automated Clearing House (ACH). Once the payment goes through, the money will be put into your Chase account and taken out of the account at the other bank...
A credit transfer is a method of settling a debt by transferring money through a bank or post office, especially for those who do not have cheque accounts. It's the transfer of money from one account to another account, basically.
how do send a mail to bank while transfer money from account to another
Money transfer refers to the transaction wherein money is transferred from one bank account to another. Ex: If you want to transfer $1000 from your account to your friends account then you have to perform a money transfer
no
The simplest way is through a "wire transfer" (which will, however, incur a fee). A wire transfer moves money from your current bank account to another account, whether in-state or out- of-state. There are some restrictions though, and these can be explained by the bank in which you currently have your account.
You can transfer it ONLINE by yourself through "SBI Money Transfer" (RTGS and NEFT) if you have your Internet Banking password and username. Another option would be issuing a cheque from your SBI account and have it deposited in the CBI Bank account. technofizi.com/time-takes-for-neft-transfer-money-online/
Transfer funds
the transfer of money from one account to another electronically
No. A bank cannot do that. A bank cannot transfer money from one account to another without prior approval or permission from the account holder from whose account money is going to be taken. If such a thing happens, the affected customer can sue the bank.
You can write a check and deposit it into your Chase account in a branch, or through the ATM. You can also wire transfer the funds, but your other bank may charge you, and Chase may charge you for an incoming wire transfer.
Simply put: yes. You can use ACH to transfer money from one account to another.