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Old 30-05-2008, 12:41 PM   #1 (permalink)
LilRomeo
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Question How to transfer money to another bank account?

Hello.
Does anyone know how to transfer money to another bank account?

Which machine do we go to?
Can we use the POSB passbook?
or must we use the ATM card?
and other answers welcomed too.

Thanks.

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Old 30-05-2008, 01:35 PM   #2 (permalink)
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Default Re: How to transfer money to another bank account?

any dbs atm or posb atm or deposit machine.

can apply for iBank also.
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Old 30-05-2008, 01:48 PM   #3 (permalink)
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Default Re: How to transfer money to another bank account?

ok.
if i go POSB cash deposit machine, can use the passbook to transfer money to another acc?

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Old 30-05-2008, 02:13 PM   #4 (permalink)
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Default Re: How to transfer money to another bank account?

Dunno leh. cause i using dbs there is an option for you to deposit to other bank.
To be confirm, why not you withdraw money from atm liao then u go to the deposit machine and transfer? Haha.
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Old 30-05-2008, 02:18 PM   #5 (permalink)
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Default Re: How to transfer money to another bank account?

i know iBanking no problem can tranfer money to other account..not sure abt atm or using bank book can do that way or not..any 1 care to share..


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Old 30-05-2008, 03:48 PM   #6 (permalink)
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Default Re: How to transfer money to another bank account?

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Originally Posted by LilRomeo
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ok.
if i go POSB cash deposit machine, can use the passbook to transfer money to another acc?
No, if this way can, I think everyone's passbook will go missing.

If you know the other party's bank account number, you may use the cash deposit machine to deposit money into the other party's account, even so, you'll need an ATM card.

So if you have an ATM card, why don't you directly go over to the ATM to do a transfer.

If you're doing this on a regular basis, apply iBanking also can. Transfer funds at home. Simply go to the ATM and apply, simple steps, just follow the instructions on the machine.

Well if you don't have a ATM card, you should go get one since most savings accounts come with one. If you're above 12, and have a POSB/DBS savings account you can bring your parent to the bank, and tell the bank to issue you an ATM card.

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Old 30-05-2008, 03:57 PM   #7 (permalink)
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Default Re: How to transfer money to another bank account?

i got this que, ATM cant transfer POSB bank to UOB or OCBC, so i only can transder POSB to POSB using ATM unless i use iBanking?


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Old 30-05-2008, 03:58 PM   #8 (permalink)
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Default Re: How to transfer money to another bank account?

mukgu's right.

for posb/dbs accounts, you can transfer from posb to dbs, posb to posb, dbs to dbs, or posb/dbs to uob. don't remember can transfer to ocbc using atm or not.

for ibanking, everything also can


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Old 30-05-2008, 04:10 PM   #9 (permalink)
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Default Re: How to transfer money to another bank account?

Ehh, but my DBS iBanking dont have transfer to maybank lol -.- cant find Maybank in their list.

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Old 30-05-2008, 04:12 PM   #10 (permalink)
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Default Re: How to transfer money to another bank account?

erm, maybe only local banks, and those international banks? maybank is malaysian bank, so maybe cannot ba (i never go transfer to such bank accounts before)


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Old 30-05-2008, 04:21 PM   #11 (permalink)
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Default Re: How to transfer money to another bank account?

oh haha, got standard chartered these type leh, lol. I need to transfer to maybank or they'll charge me fall-below fee soon.

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Old 30-05-2008, 05:37 PM   #12 (permalink)
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Default Re: How to transfer money to another bank account?

Quote:
Originally Posted by MukGu
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No, if this way can, I think everyone's passbook will go missing.

If you know the other party's bank account number, you may use the cash deposit machine to deposit money into the other party's account, even so, you'll need an ATM card.

So if you have an ATM card, why don't you directly go over to the ATM to do a transfer.

If you're doing this on a regular basis, apply iBanking also can. Transfer funds at home. Simply go to the ATM and apply, simple steps, just follow the instructions on the machine.

Well if you don't have a ATM card, you should go get one since most savings accounts come with one. If you're above 12, and have a POSB/DBS savings account you can bring your parent to the bank, and tell the bank to issue you an ATM card.

Thanks.
This helped.
Just to clear some things, I can use the ATM machine if I have the ATM card to transfer money to the other party's bank account?

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Old 30-05-2008, 05:40 PM   #13 (permalink)
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Default Re: How to transfer money to another bank account?

lilromeo, not all banks accounts can be transferred to. as far as i know, posb/dbs to posb/dbs, posb/dbs to uob only. not sure on ocbc.


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Old 30-05-2008, 09:55 PM   #14 (permalink)
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Default Re: How to transfer money to another bank account?

actually the best is online fund transfer...
you just need to apply for it one time and you can use it forever.

It takes about 2 to 3 working days to make an inter-bank transfer.
However, for intra-bank, it is immediate.
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Old 31-05-2008, 03:23 PM   #15 (permalink)
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