bank transfers

Bank transfers are a method of moving money electronically from one bank account to another. They can be initiated locally or internationally and typically involve the use of secure banking networks. When you request a transfer, your bank communicates with the recipient's bank to transfer the specified funds, updating both accounts accordingly. This process is quick, efficient, and eliminates the need for physical cash or checks, making it a convenient way to send or receive money directly between accounts for everyday transactions, payments, or transfers.