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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. 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 open a money market account over the Internet at https://www.zionsbank.com/isavings_info.jsp - . Another good place to opne an account is www.bankofinternet.com/money-market-savings.aspx
A wire transfer is where money is sent to someone else at another location,a transfer is when money is taken from one account you hold and put into another account you hold. It's a different process. A transfer is usually much quicker than a wire. I don't know how helpful this was, but there you go.
I belive it depends on your banking institute, but I know mine is automatic. I usually do the transfer over the phone but I have always seen the money into my account immeditely.
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
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.
Simply put: yes. You can use ACH to transfer money from one account to another.
eft
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.
To transfer large amounts of money from your account to another account, I would consult with the bank - just to make sure that you obey all laws related to money-laundering.
You can open a money market account over the Internet at https://www.zionsbank.com/isavings_info.jsp - . Another good place to opne an account is www.bankofinternet.com/money-market-savings.aspx