How do you move money from one current account to another?

I've got some money in one bank current account, that I want to
transfer to another bank current account. Can I write out a cheque to
do this? Who do I make the cheque payable to - do I write my own
name? Thanks a lot for any advice.
Reply to
rpgs rock dvds
In message , rpgs rock dvds writes
I set up an EFT for transferring from mine to my daughter's account, handy for birthdays, Xmas etc.
Otherwise a wheelbarrow.
Reply to
Gordon H
In message , rpgs rock dvds writes
Probably only if the account you're paying out of is a cheque account. If it is, you'll probably have a chequebook for it. If there's likely to be a problem, is s there any reason why you can't pop into your bank (or a local branch), and simply ask them to do it?
But you'll need to check what the terms and conditions are for the accounts. For instance, you couldn't take money out of a bond account (before it had matured), or immediately take it out of an account which required (say) 30 days notice. Neither could you pay money into something like a paid-up ISA.
If you really want to do the transfer by cheque, don't have a chequebook, the bank will probably provide a suitable 'blank' cheque or similar form. In principle, any written, suitably-worded instruction should suffice (which, since stamp duty on cheques was abolished long ago, is essentially all a cheque is). However, I wouldn't recommend writing the cheque on some 'anecdotal' medium - such an egg or an elephant. Theoretically, you could use any cheque, provided any incorrect information is amended, and the amendments signed or initialled (although this would undoubtedly raise an eyebrow!).
There is no reason why not. Who else would you make the cheque payable to?
Transferring money between bank accounts is fairly straightforward if you use online banking.
Reply to
Ian Jackson
Do you have internet banking for the first account. Do both accounts do fast payments?
Reply to
If you want to do it quicker, try Rob's suggestion, but a cheque payable to your own name will do it if you have the second account already open.
Reply to
Tiddy Ogg
In the old days before on-line banking I was told to just write a letter to my bank asking them to transfer money between accounts -- no cheque required. Eventually they explained that they could set up a mechanism to automatically transfer money between current and a savings account to keep the former at a certain level, which covered most of my requirements.
If you're transferring money between different banks, then you do, indeed, just write out a cheque to yourself .
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