Transferring money from one bank account to another is easy and convenient. There are different ways of doing this. Let’s understand them in detail:
Online Banking
Online banking is like having a bank on a computer or phone. You can use the online banking facility to transfer money from one bank account to another. You need to log in to your bank's website or app using a special username and password. You get these details by filling out a form in the bank asking them to give you the facility of online banking. Once you fill in all the details - yours and the details of the person whose account you have to transfer the money to - all you have to do is choose the option to transfer money.
Mobile Banking
Mobile banking is just like online banking on your mobile phone. All you need to do is download your bank’s app and then do all the banking stuff on your phone. You can use the mobile banking app to transfer money from one account to another account. Before that, you have to add them as your beneficiary. You can read on the internet how to add a beneficiary.
Bank Branch
If we don't have access to online or mobile banking, you can go to the bank branch in person and transfer money. Fill out a form mentioning your and that person’s account details along with the amount you want to deposit, and hand over that slip to a bank executive. That person will do the needful.
These are the common ways to transfer money from one bank account to another. Whether it's using online banking, mobile banking, or visiting the bank branch, the bank provides convenient options to send money to someone else's account.
