Automatic Transfer Of Funds

Dictionary Says

Definition of 'Automatic Transfer Of Funds'

A standing banking arrangement whereby transfers from a customer's account are made on a regular, periodic basis without further instruction or action by the customer. The most common automatic transfer of funds are through "sweep" instructions, whereby all excess funds in one account are swept into another account. This zero-balance account is mostly used by corporations with many subsidiaries.
Investopedia Says

Investopedia explains 'Automatic Transfer Of Funds'

Automatic transfers are often used for the regular movement of funds from a checking account to a savings account, or from the account of one spouse to another or to a child. Another common use of these transfers is for overdraft protection, whereby funds are moved from a higher-interest-earning account to cover payments due in another account.

Automatic transfers may also be used for periodic equal payments, such as for mortgages or other loan payments.
Search results for

'Automatic Transfer Of Funds'

  • 5 Ways To Trick Yourself Into Saving Money Slideshow ...

    http://www.investopedia.com/slide-show/5-ways-to-trick-yourself-into-saving
    ... Make your savings a no-brainer by setting up an automatic transfer to the
    account(s) on payday, so you're not tempted to spend the money elsewhere. ...
  • How To Break Up With Your Bank

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    ... You don't want any checks or automatic payments to bounce ... or you can link your old
    checking account to your new one and transfer the funds out electronically ...
  • Debunking 10 Budget Myths

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    ... need, so it's not a bad idea to have your own source of funds to make up ... Set up an
    automatic transfer from your checking account to a savings account you won't ...
  • Top Mobile Banking Dangers And How To Avoid Them - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0111/Top-Mobile-Banking-Dangers-And-How-To-Avoid-Them.aspx
    ... Money: Using Your Cell Phone To Transfer Funds ... learn more, check out 5 Money Transfer
    Technologies And ... Setting up automatic electronic alerts from your bank may ...
  • Thrift Savings Plan Helps Federal Workers Retire

    http://www.investopedia.com/articles/retirement/08/thrift-savings-plan.asp
    ... requirements that entitle you to keep the automatic 1% contributions and ... your existing
    account balance among the funds by making an inter-fund transfer. ...
  • Budgeting Basics - Goal Setting | Investopedia

    http://www.investopedia.com/university/budgeting/basics5.asp
    ... 401(k) or 403(b) plan, or by setting up your own automatic monthly transfer from
    checking to savings, your money will be out of sight and out of mind. ...
  • Get Paid To Wait By Paychex

    http://stocks.investopedia.com/stock-analysis/2010/Get-Paid-To-Wait-By-Paychex-PAYX-ADP-BRK.A-ASF-RHI0915.aspx
    ... Are Not Good For Everybody Like its larger competitor Automatic Data Processing ... In
    a nutshell, Paychex requires that client companies transfer funds to them ...
  • Banking: Savings Accounts 101 | Investopedia

    http://www.investopedia.com/university/banking/banking7.asp
    ... An automatic savings plan is something you need to set up ... this as the amount that
    you transfer automatically to ... may want to allocate your extra funds to several ...
  • Automating Your Bill Payments

    http://www.investopedia.com/articles/pf/09/automating-bill-payments.asp
    ... a list of creditors that you can transfer payments to ... It's not exactly automatic,
    but it is relatively ... and withdrawals to allocate the necessary funds to pay ...
  • Timely Help For Tax Procrastinators - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0410/Timely-Help-For-Tax-Procrastinators.aspx
    ... address), via credit card (although the user fees are high), with a debit card or
    through electronic funds transfer. ... But getting this one isn't automatic. ...

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