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How do I transfer funds from one account to another

Occasionally a customer will ask to have funds transferred one account to another.

Written by Cameron Higgins

Customers can often have multiple accounts for the same person, due to their own personal interests, or they could be managing a syndicate. It's not unusual to be asked to transfer funds from one person/entity to another. 

Follow these steps to quickly perform the transfer;

  • Confirm the amount to transfer

  • Check current account balance/s in People & Firms, using the Owners with Balances view.

  • Click FinanceCredits and Transfers

  • Select Transfer from one owner to another

  • Enter the date for the transfer (or leave as current/default)

  • Transfer From: Enter the account to DEBIT

  • Transfer To: Enter the account that will receive a CREDIT

  • Amount: Enter a dollar amount 

  • Enter a Reason for reference. This will appear on the Owners statement

  • Click Add to commit the transfer of funds

To verify the change;

  • Go to Main – People & Firms

  • Click Refresh – the balances will change, with the transferred sum now in the recipients Loan Balance column

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