Funds Transfer enables you to make a payment from your bank account and transfer the money into someone else’s bank account.
You need to enter the BSB Number and Account Number of the bank account of the intented recipient.
You also need to enter the account name of the intented recipient but the banking system does not check this. It relies on the BSB Number and Account Number so you need to make sure that those numbers are entered correctly. Oherwise, the money may be transferred into the wrong account and it will be extremely difficult to get it back.
It may take a few days for the funds to appear in the recipient’s bank account.
Friends of Churchill Island Society Inc. > Tooltips > Funds Transfer