If you are asking about acceptance from the receiver - then No. You only need to confirm with your own bank where you maintain the account, enter details of the receiver and initiate the RTGS transfer. The money will reach the intended party the same day
a bank in New York is holding funds for me, they require me to pay a 1500.00 fee to acquire a fund transfer authentication code before i can transfer or withdraw. is this normal procedure?
It is illegal and unethical to transfer funds to someone without their knowledge. It is important to always obtain consent before making any financial transactions.
SWIFT messages are used for funds transfer.
how do I set up electronic funds transfer
Yes, it is possible to transfer funds from a credit card to a bank account using a bank transfer.
a bank in New York is holding funds for me, they require me to pay a 1500.00 fee to acquire a fund transfer authentication code before i can transfer or withdraw. is this normal procedure?
It is illegal and unethical to transfer funds to someone without their knowledge. It is important to always obtain consent before making any financial transactions.
SWIFT messages are used for funds transfer.
how do I set up electronic funds transfer
Yes, it is possible to transfer funds from a credit card to a bank account using a bank transfer.
Credit Funds Transfer
NEFT Stands for National Electronic Funds Transfer. This facility is available only for funds transfer within India from one bank to another. This facility is not available for international funds transfer. If you wish to transfer money from UK to India, use an international wire transfer or other money remittance options available to transfer funds from abroad to India.
Yes, you can transfer funds to another person using an ACH transfer, which is a secure electronic method of moving money between bank accounts.
NEFT stands for National Electronic Funds Transfer. It is an electronic funds transfer service that is available for the citizens of India to transfer funds electronically from one bank to another. All banks have a unique NEFT code using which the bank name and the branch can be identified. Whenever you initiate a funds transfer request using NEFT, the NEFT code of the bank which is supposed to receive the funds is mandatory.
logon to internet banking with your credentialsselect the account to which you wish to transfer funds (If it is a new account you would have to register the same before you can use it)enter the amount you wish to transferchoose if you want to do the transfer immediately or at a future dateEnter your secret pin/password to complete the transactions.
The fastest way to transfer funds electronically is by a CHAPS transfer, which sees the funds move instantly from one account to another. Almost all commercial and retail banks will offer this service, usually for a fee.
To transfer your Roth IRA from American Funds to Vanguard, you will need to open a Roth IRA account with Vanguard and then initiate a direct transfer request from American Funds to Vanguard. Contact both financial institutions for specific instructions and forms needed for the transfer.