Instant Bank Transfer

In order to transfer money instantly the best method to use is electronic money transfer, such a service can be sued through an Internet banking platform. The majority of UK banks offer free online banking and they do not usually charge for money transfers which are within the same country or bank.

The instant bank transfer can be sent through selecting money transfer within the Internet banking function, the sender will require certain information to allow this transfer to occur. The details that will be required are the recipients name, their bank account number and their bank account sort code. A recipient should not be worried about providing such details as the only activities which can be carried out with such details is transferring funds to the account, withdrawals or payments cannot be made.

Once the sum of money and the details have been entered the transfer should be submitted, this money will then transfer instantly as long as there is enough funds within the account to fund the amount of the transfer.

If an account holder wishes to make instant bank transfers between their own personal accounts this is also possible, this can also be completed through using Internet banking.

In cases where money is being transferred out of the UK or to financial institutions which are not operated from the UK the amount of time it takes will be longer and therefore the money transfer will not be instant.