Question

how is money transferred from one bank account to another account bank account. explain with an example?​

Answer 1

Money Transfer from one bank account to another bank account: If a person has to make a payment to his or her friend and writes a cheque for a specific amount, this means that the person instructs his bank to pay this amount to his friend. His friend takes this cheque and deposit in his account in the bank.

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Answer 2

Answer:

Money transfer from one bank account to another bank account:

• If a person has to make payment to his or her friend and writes a cheque for a specific amount, this means that the person instructs his bank to pay this amount tao his friend.
• His friend takes this cheque and deposits it in his account in the bank.
• This said amount is transferred from one bank account to another bank account.