answersLogoWhite

0

Investment

Cash in Bank

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Finance

Is bank allowed to transfer funds from one account to pay overdraft on another?

Banks can transfer funds from one account to another with your permission. Many banks have this option available to you when you open your account/s. Check with your financial institution.


How long does it take to transfer money from one bank account to another?

The time it takes to transfer money from one bank account to another can vary depending on the banks involved and the method of transfer. Typically, it can take anywhere from a few hours to a few business days for the transfer to be completed.


How can I transfer money from my WF SurePay account to other banks?

To transfer money from your WF SurePay account to other banks, you can link your SurePay account to an external bank account and initiate a transfer through the online banking platform. Follow the instructions provided by Wells Fargo to set up the transfer and ensure the funds are sent securely to the desired bank account.


How does a wire transfer work?

A wire transfer is a method of sending money electronically from one bank account to another. The sender initiates the transfer through their bank, providing the recipient's account information. The sender's bank then communicates with the recipient's bank to transfer the funds. The recipient typically receives the money within a few hours to a few days, depending on the banks involved and the destination of the transfer.


What are the differences between a bank transfer and a wire transfer?

A bank transfer is a transaction that moves money from one account to another within the same bank or between different banks. A wire transfer is a type of bank transfer that involves sending money electronically from one bank to another, usually across different financial institutions and often with a faster processing time and higher fees.

Related Questions

Is bank allowed to transfer funds from one account to pay overdraft on another?

Banks can transfer funds from one account to another with your permission. Many banks have this option available to you when you open your account/s. Check with your financial institution.


How long does it take to transfer money from one bank account to another?

The time it takes to transfer money from one bank account to another can vary depending on the banks involved and the method of transfer. Typically, it can take anywhere from a few hours to a few business days for the transfer to be completed.


How do you deposit money from one account to another?

There are actually options in most banks to transfer funds from one account to the other either through manual forms that you can fill up with the source bank account, destination bank account, names of both the account holders and the amount to the transferred. Or, most banks have electronic funds transfer options which you can use by logging into their internet banking website. All you need to do is, register the receipient account details as a payee in your account and choose the amount to transfer and you are done. Most banks would transfer money in around 2-3 working days (at max)


How can I transfer money from my WF SurePay account to other banks?

To transfer money from your WF SurePay account to other banks, you can link your SurePay account to an external bank account and initiate a transfer through the online banking platform. Follow the instructions provided by Wells Fargo to set up the transfer and ensure the funds are sent securely to the desired bank account.


Can you transfer money to one account to another through ATM?

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.


What is trustee-to-trustee transfer?

==One Answer== A trustee to trustee transfer is the legal method used to transfer an IRA or SEP (retirement accounts) account to another entity. For example, if you have an IRA certificate of deposit mature at one bank and wish to transfer it to another bank with a higher interest rate you are not allowed to cash out the CD and transfer it yourself. You need to fill out forms at the new bank and a trustee to trustee transfer will be done between the two banks. Once you have deposited funds into a personal retirement account you cannot withdraw the money yourself without incurring penalties. The banks act as your trustees.


How does a wire transfer work?

A wire transfer is a method of sending money electronically from one bank account to another. The sender initiates the transfer through their bank, providing the recipient's account information. The sender's bank then communicates with the recipient's bank to transfer the funds. The recipient typically receives the money within a few hours to a few days, depending on the banks involved and the destination of the transfer.


Which financial institute has the fastest electronic funds transfer?

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.


What are the differences between a bank transfer and a wire transfer?

A bank transfer is a transaction that moves money from one account to another within the same bank or between different banks. A wire transfer is a type of bank transfer that involves sending money electronically from one bank to another, usually across different financial institutions and often with a faster processing time and higher fees.


Can i transfer money from my chase account to my wife's account on line?

If your banks allow online transactions, as most do, then there should be no problems doing so


Can someone get a money from his states bank account in another country?

Yes, You can do an EFT[ electronic funds transfer ] .Proper ID account number and passwords , it's a go. May take a few hours depending where you are and if banks are open here.


How do you transfer money to another chase bank customer from my chase account?

Like most modern banks, Chase has a fully featured online banking system that can quickly transfer money to another customer. Customers who are unable to use the online system can complete a such a transaction at any Chase branch.