How best to transfer funds

These days it is a lot easier to move funds from one bank to another if you are technologically informed and equipped. Gone are the days of joining a long queue in banking halls to carry out transactions like moving funds. If you will spare yourself  any hassle,there are more than one ways to transfer money.

Use short codes: Most banks have come up with easy to remember codes with which you can make that transfer while seating in your homes. GTB for instance use the code *737*1*AMT*ACCT NO to GTBanks, *737*2… for other banks, First Bank uses *894* AMT* ACCT.

Some banks allow free transfer but you may have to check with your bank to verify that.

Link your Accounts: Check with your bank to provide you with details on how to link your accounts. This has to be done before you attempt to send money. A username or password may be demanded to verify you actually own the other account.

Try the wire transfers: The set back with this method is that it cost you an amount. It may also take some time to process but it is fast.


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