To transfer money from one bank account to another, you will need to provide certain details of the person or organization you are paying. The specific details required may vary depending on the bank and the type of transfer, but generally, you will need the following information:
- The date you want the payment to be made.
- Name of the person or business you’re paying.
- Six-digit sort code of the account you’re paying.
- Eight-digit account number of the account you’re paying.
- A payment reference (often your name or customer number) to let them know the money came from you.
If you are transferring money internationally, you may also need to provide additional information such as the recipients address, IBAN, and BIC/SWIFT code. If you are sending money to another persons account, you will need to know their name, account number, and routing number.
It is important to ensure that you have the correct details before making a transfer, as mistakes can be costly and difficult to rectify. Additionally, it is recommended to only transfer money to people or organizations you know and trust, as there is a risk of fraud when transferring money to unknown parties.