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.

In message
,
rpgs rock dvds writes
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.

I set up an EFT for transferring from mine to my daughter's account,
handy for birthdays, Xmas etc.

Otherwise a wheelbarrow.
--
Gordon H
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In message
,
rpgs rock dvds writes
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?

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!).

Who do I make the cheque payable to - do I write my own
name?

There is no reason why not. Who else would you make the cheque payable
to?

Thanks a lot for any advice.

Transferring money between bank accounts is fairly straightforward if
you use online banking.
--
Ian

On 26/01/2011 11:47, rpgs rock dvds wrote:
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.

Do you have internet banking for the first account. Do both accounts do
fast payments?

On Wed, 26 Jan 2011 03:47:44 -0800 (PST), rpgs rock dvds
wrote:

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.
Yes.

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.

On Jan 26, 11:47*am, rpgs rock dvds wrote:
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.

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 .

Chris

On Jan 26, 11:47*am, rpgs rock dvds wrote:
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.

Thanks very much for all replies - really appreciate the help.

If you will use online/internet banking, you must first enroll both accounts to your depository bank or online to the website. After approval, you can already transfer funds from one account to another with just a click of a mouse.

In on-line banking you just have to 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.

You can transfer money from one account to another using ‘Money Transfers'. These will be instant if you're sending the funds to a Co-operative Bank or smile account or take 3 working days to another bank.

If you need a reference quoting on the transfer, you'll need to make sure you use ‘Pay Bills'.