How To transfer bank accounts

How to Transfer Money Between Bank Accounts

Perhaps you have more than one checking account or you have both a checking and a savings account. You would like to move money from the savings account to the checking account or vice versa, but you are not sure how to accomplish this task. There are a variety of ways to transfer money between bank accounts; just choose the one that works best for your lifestyle.

Instructions

1. 1
   Visit your local bank branch and arrange for a money transfer in person. Although this is not the fastest way to transfer money, if you are the type of person who enjoys chatting it up with the bank tellers, this is the way to go. Simply approach the teller, provide him or her with identification, and indicate how much money you want moved from one account to the other.
2. 2
   Call your bank's toll-free customer service line. Many banks allow you to transfer money between accounts over the telephone. Since you are not withdrawing money, it is considered an acceptable transaction to complete over the phone. The customer service representative may ask you a few questions for identification verification before proceeding with your transaction.
3. 3
   Click on your bank's website and get an online account. Signing up for online banking is relatively simple and you can complete this in a few minutes. Once you have an online login and password, you can see all your accounts in one convenient website screen. Click the "Transfer" hyperlink and choose the account in which to transfer the money. Online banking is safe and secure what with modern SSL-encrypted website technology.
4. 4
   Go to your bank's nearest automatic teller machine (ATM). Most ATMs have a selection to transfer funds between accounts; carefully read all the options after putting in your debit card and entering your personal identification number to choose the appropriate transaction.

Posted in: Banking