

You can transfer up to €999,999,999.99 with the SEPA Credit Transfer, and up to €100,000 with the SEPA Instant Credit Transfer. The type of SEPA transfer you use will also determine the maximum amount you can send with a bank transfer. This means that SEPA transfers are also usually free of charge, but if your bank is one of the few that charges extra fees to make a domestic transfer, be aware that the same charge may also apply to your SEPA transfer as well. If you’re sending money internationally within the EU, a SEPA transfer must cost the same amount as a domestic transfer by law. Usually, domestic bank transfers within the same country are free, but the maximum amount you can transfer at a time will vary depending on the bank’s policy. And that’s it!Īre there any bank transfer limits or fees?īank transfer limits and fees will depend on the type of transfer that you want to make. Make sure you’ve entered the correct bank details, then confirm your transfer.Enter the transfer amount and the date you wish to send the money.Enter the bank details of the person receiving your transfer.If you’re asked to choose between an internal or external transfer, choose to make an external transfer to another bank.Here’s how to send money online between two accounts at two separate banks: This is similar to an intra-bank transfer, but involves a few different steps. With that in mind, transferring money from one bank to another in the same country is what is known as an inter-bank transfer. Instead, use a credit card or a digital payment system like PayPal to make secure online payments-if your money falls into the wrong hands, it’ll be much easier to dispute your claim, and receive a refund. This is because once you’ve transferred money directly from your account, it’s much harder to claim it back if the recipient turns out to be untrustworthy.Īs a result, it’s best to avoid paying for goods or services with a bank transfer. A good rule of thumb is to never give out your account details to someone you don’t know, and to never make a bank transfer to somebody that you’ve only interacted with online. How to transfer funds from one bank to another domesticallyīefore you transfer money to another account, ensure that you can trust the person that you’re sending your money to.
