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How do I transfer funds from one account to another
How do I transfer funds from one account to another

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

Cameron Higgins avatar
Written by Cameron Higgins
Updated over a week ago

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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