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There are different methods for different banks. Most require you to either mail in a cheque or to tie a bank account to the online account. For the latter type, you can schedule regular money transfers into the online account, or even transfer money manually via the bank's website. A few banks issue you a credit card, and you get a percentage of expenditures deposited into your online savings account. But you must have a good credit rating, because you need to apply for the credit card at the same time. This type of online account also allows you to tie a chequing, for scheduled or controlled money transfers.

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Q: How do you transfer money to an online savings account Like for instance you have a credit card and would like some funds to be transferred to online savings account?
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What is the procedure to transfer one's checking account balance to their savings account for HSBC bank?

The procedure to transfer ones checking account balance is the same at every bank. It is called a balance transfer. HSBC allows only 350,000 dollars to be transferred per day.


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The highest interest of savings account offers online banks. Richard Barrington Contributer for instance gives chances of finding the highest interest rate for your savings.


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Savings accounts opened with one bank cannot be transferred to another bank. You would have to close your existing bank account and then open a fresh account with the other bank. This feature is not available as yet and I don't think it will be in future as well.


How will current balance turn into savings account?

It wont unless you request a balance transfer.


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It depends on what type of transfer you are trying to do. If it is online the transfer should go through immediately.


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