Bank transfers can be used in the UK to pay bills, utilities, rent and mortgages, health insurance, and gym memberships. Bank transfers involve remitting funds from one bank account to another account.
This article includes tips, suggestions and general information. We recommend that you always do your own research and consider getting independent tax, financial and legal advice before making any important decision.
Individuals may need to include the following details to make a bank transfer:
Here's how a typical bank transfer happens:
Checking details at every step of the process can help to ensure funds land in the right bank account. Common mistakes with bank transfers include:
Consider the following steps to help ensure bank transfers remain secure:
If you accept cookies, we'll use them to improve and customise your experience and enable our partners to show you personalised PayPal ads when you visit other sites. Manage cookies and learn more