funds transfer

USAGE SUMMARY

It is correct and usable in written English.
It is usually used when money is transferred from one account to another. For example, "I'm going to make a funds transfer from my business account to my personal account."

✓ Grammatically correct

News & Media

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

59 human-written examples

Increasingly, however, the pirates accept money using electronic funds transfer.

The Economist

This fourth type of electronic funds transfer reduces costs by eliminating paper checks.

Encyclopedia Britannica

The only sure protection against this thievery is getting direct deposit into a bank account through a federal funds transfer.

The New York Times

Her father works in New York as a funds transfer manager at Standard Chartered, the British bank.

The New York Times

Entrepreneur magazine offers this tip: "Use electronic funds transfer to make payments on the last day they are due.

The New York Times

Its features include electronic funds transfer for retail purchases, automatic teller machines (ATMs), and automatic payroll deposits and bill payments.

Encyclopedia Britannica

— electronic funds transfer — "money right away, some you pay in 30 days, some we pay in 60 days".

The New York Times

It will even be able to pay for goods when you shop via wireless electronic funds transfer.

The Economist

Lutheran Brotherhood, a financial services organization based in Minneapolis that serves the country's 18,000 Lutheran congregations, has put together an electronic funds transfer program called Simply Giving.

The New York Times

It was the city from which a young programmer, Vladimir Levin, infiltrated the computers of Citibank's electronic funds transfer system in 1995.

The New York Times

It's difficult to question the ethics of a funds transfer if we can't even irrefutably establish the ethics of the original donation.

The New York Times - Magazine

Expert writing Tips

Best practice

When discussing "funds transfers", be specific about the method (e.g., electronic funds transfer, wire transfer) if the context requires it. This avoids ambiguity and ensures clarity.

Common error

Avoid using "funds transfer" when you mean to describe the process of collecting money for a cause. "Funds transfer" refers to the movement of existing money, while fundraising is about acquiring new funds.

Linguistic Context

The phrase "funds transfer" functions primarily as a noun, often used as a subject or object in sentences relating to financial transactions. Ludwig AI confirms its correct usage in describing the action of moving money from one account to another.

Expression frequency: Very common

Frequent in

News & Media

45%

Formal & Business

25%

Encyclopedias

15%

Less common in

Science

5%

Wiki

5%

Reference

5%

Ludwig's WRAP-UP

The phrase "funds transfer" is a common and grammatically correct term used to describe the movement of money, as validated by Ludwig AI. Appearing frequently in news, business, and encyclopedic sources, it maintains a neutral register suitable for both formal and informal contexts. While alternatives like "money transfer" and "electronic payment" exist, the specific context often dictates the most appropriate choice. To avoid confusion, be careful not to conflate it with "fundraising". When writing about financial transactions, be precise about methods for maximum clarity.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

money transfer

Emphasizes the movement of money, a more general term.

electronic payment

Highlights the electronic nature of the transfer.

transfer of funds

A slightly more formal and less common rephrasing.

wire transfer

Specifies a particular method of electronic transfer, usually international.

bank transfer

Identifies the financial institution as the medium of transfer.

remittance

Implies a transfer of money to another party, often across borders.

payment transfer

Focuses on the payment aspect of the transfer.

capital transfer

Refers to the movement of capital, typically in a business or investment context.

financial transaction

Broader term encompassing various types of financial activities, including funds transfers.

credit transfer

Focuses on the crediting aspect of the transfer.

FAQs

How can I use "funds transfer" in a sentence?

You can use "funds transfer" to describe the movement of money from one account to another. For instance, "I initiated a "funds transfer" to pay my rent".

What is another way to say "funds transfer"?

Alternatives include "money transfer", "electronic payment", or "bank transfer", depending on the specific context.

What's the difference between "funds transfer" and "wire transfer"?

"Funds transfer" is a general term for moving money. "Wire transfer" is a specific type of funds transfer, typically used for international transactions.

Is "funds transfer" the same as "fundraising"?

No, "funds transfer" refers to moving existing money, while "fundraising" is the process of collecting money for a particular purpose.