What is a Transfer Fund?

A transfer fund refers to a financial transaction that involves moving money from one account to another, typically within the same financial institution. It can occur between various types of accounts, such as savings, checking, or investment accounts, and may be initiated by the account holder for various purposes, including

• Paying Bills

• Making Deposit

• Transferring funds between personal or business accounts

. This process allows individuals to efficiently manage their finances, allocate funds where needed, and conduct transactions securely.