Need to send money? Learn how to transfer money from one bank to another using secure methods — plus what it costs, how long it takes and how to avoid mistakes.

Yes, it’s typically free to transfer money when you use an electronic method or a free check that came with your bank account. If opting for a wire transfer, however, you’ll likely encounter fees.

With an electronic money transfer system, you don't have to visit a bank or ATM, handle bills or coins, find an envelope, postage stamp, mailbox or post office, or interact with your recipient ...

4. Wire transfer. If you want to send money from your bank to someone else’s bank, a wire transfer might be your best option. Wire transfers are electronic payments that route directly from one ...

Electronic money transfers are the fastest and most convenient way to move funds, whether you're splitting a restaurant bill with friends or sending a birthday gift to a relative. However, with all ...

What are ACH payments? An ACH payment is a type of electronic money transfer that moves funds between bank accounts using the ACH network. These payments, sometimes called direct payments, are ...

Risks Involved in Online Money Transfer . Electronic money transfers also involve some risks. “There will always be cybersecurity risks with any type of online banking products,” Hakimi says.