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How to make a transfer from one bank to another?

do you want to make a transfer from one bank to another? Here you will find everything you need to know to make a hassle-free transfer. We will also explain the necessary data to carry it out and the different types that exist. 

What types of bank transfers are there?

To know how to do transfers between banks, it is necessary to understand that there are different types of transfers depending on who sends it, who receives it and where each person's account is located.

Transfers are very common between two accounts belonging to the same owner. One of the necessary data to make a transfer is usually to indicate if the account that sends the funds and the destination account belong to the same person.

Generally, transfers are made to an account whose owner is not the person making the transfer. In these cases, the account may be in the same country, international SEPA, or in a bank other than SEPA.

The type of transaction will determine how the transfer is made, the data required for the transfer and the cost of the bank transfer, as well as the type of account and bank.

National transfers

Domestic transfers are transfers between accounts in the same country, either in person or electronically through an ATM, Internet, or banking app.

SEPA international transfers

Regarding international transfers, we must distinguish between transfers made within SEPA (Single Euro Payments Area), which are treated similar to national transfers.

Regarding how to make a SEPA transfer, it is necessary to indicate its modality when making a transaction, either at the teller window or on the platform of your choice (the bank has a field to indicate that it is a means of payment in the area). .

International transfers outside of SEPA

Transfers made outside SEPA always suppose higher costs than bank transfers and you have to provide more information necessary to make the transfer.

How to do a bank transfer?

Know how make a bank transfer from one account to another requires knowing a few simple steps. First of all, we distinguish two transfer methods:

face-to-face transfers

To know how to transfer money in person, we must first understand the concept of a bank transfer. The only way is to go to the branch of the bank where the account is open and apply at the window.

This is the most useful way because it is the cashier who directs the data necessary to make the transfer and makes sure that the transfer is successful. It will also display bank transfer fees and any other information.

Wire transfers

The telematic transfers or electronic money are transactions in which a device or platform (such as an ATM, computer, mobile phone or tablet) is used to access the bank's website or application during the transaction.

Transfer from ATM

Learn to transfer money at an ATM It is usually a simple, intuitive and guided process, with options arranged in a visible way so that any client can proceed in the best possible way.

After selecting an option, you must enter the necessary data to transfer money, generally including the type of transfer (instantaneous or regular), destination account holder, payment concept, IBAN code and amount to be transferred. Finally, you only have to confirm the operation after seeing the data.

How to make a bank transfer online

Know as transfer money from a computer can be a little more complicated than transferring money from an ATM because there are multiple options, or if it is your first transfer, it can get complicated.

In any case, when entering a bank's website as a customer, doubts are usually cleared up in the following way: Although there are some options that you do not know about, it is usually easy to find the part you are looking for, since banks usually have websites well-defined and well-defined options.

When the option is selected, the information required to make a transfer is often similar to that required by an ATM. The main difference is the additional steps that must be taken beforehand to enable this type of transfer.

Usually you have to manage the code of the coordinates or keys beforehand. In most cases, this can be done at a bank branch or at an ATM.

How to make a bank transfer via mobile

We've seen how to transfer money in person and online through an ATM or computer. Now we will focus on explaining how youtransfer money from your phone.

To do this, you can go to the bank's website from your browser, or preferably download the bank's application that opens your account. After installation, you must enter your username and password (same as for online banking).

It is worth clarifying that some banks offer fingerprint entry in their applications for devices with identification technology.

The Transfer option is usually visible and is the first option on the menu. Once selected, you must enter the necessary data for the transfer: IBAN code of the recipient, concept of the transaction and amount of the transfer.

The confirmation or signature is made by means of coordinate codes or keys previously managed at the bank or ATM. In some cases this can be confirmed via a code administered by SMS.

We recommend you read the following post about the prepaid card without bank account!

Transfer cash to Fazil and pay your daily expenses with your mobile

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Transfer cash to Fazil and pay your daily expenses with your mobile

Create your account in 4 minutes.

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