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Can a bank transfer money from one account to another without permission?
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.
Can you transfer money to a debit card?
Yes, you can transfer money to a debit card from a bank account or another source.
What does money transfer mean?
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
How do you send money from another bank account to chase bank account?
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...
What is the difference between bank transfer and wire transfer?
A wire transfer is from one bank to another. A bank transfer is a transfer from one account to another at the same bank.
How do you write a letter to bank manager for transfer one person account money to another person's account?
how do send a mail to bank while transfer money from account to another
Can a bank transfer money from one account to another without permission?
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.
Can you transfer money to a debit card?
Yes, you can transfer money to a debit card from a bank account or another source.
What is it called when you move money from 1 bank account to another and another?
Transfer funds
What does money transfer mean?
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
Allows users to transfer money from one bank account to another?
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What is the meaning of indirect transfers as the method of transferring money?
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.
How do you transfer money from SBI account to Indian overseas bank?
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.
How do you send money from another bank account to chase bank account?
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...
How is the money transferred from a sellers PayPal account to the sellers bank account?
To transfer funds from PayPal to a bank account, the user has to log into PayPal and transfer the money manually.
What is the meaning of MT in banking terms?
MT Stands for Money Transfer in banking terms. A Money Transfer is a transaction wherein money is transferred from the bank account of one customer into the bank account of another customer. For Ex: let us say I owe you Rs. 5000/- which I borrowed last month and I know your bank account number. I can just login to my bank account and transfer the money to your account using the MT facility
What is the difference between bank transfer and wire transfer?
A wire transfer is from one bank to another. A bank transfer is a transfer from one account to another at the same bank.
