transferring monies

USAGE SUMMARY

The phrase "transferring monies" is correct and usable in written English.
It can be used in contexts related to financial transactions or banking, where the act of moving money from one account to another is being described. Example: "The bank is currently transferring monies between accounts to ensure all transactions are processed by the end of the day."

✓ Grammatically correct

News & Media

Science

Academia

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

The receiving customer simply made regular cash withdrawals rather than transferring monies to another account".

The Guardian - Money

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

"The clubs is experiencing an income shortfall due to lower than expected transfer monies.

BBC

The city was also ordered to return $1.7 million in illegally transferred monies from Glendale Water & Power's waterworks fund to the city's coffers, which the city did not appeal.

Los Angeles Times

A judge ruled Friday that the city of Glendale must pay back residents almost $57 million for violating state law when it issued an energy rate hike in 2013 as well as return $1.7 million in illegally transferred monies from Glendale Water & Power's waterworks fund to the city's coffers.

Los Angeles Times

The process of regionalizing health care was most often undertaken by provincial organizations responsible for allocating federal transfer monies.

BMC Health Services Research

Taxing Social Security benefits is a roundabout way of taking back part of the Social Security earnings from taxes paid by American workers (and employers) into the Social Security fund, and transferring the monies into the general fund for the federal government to spend.

HuffPost

Covering issues from water rights, tax collections and transfer of monies, to settlement building, house demolitions and the continued Israeli military occupation which gives Israel "exclusive control of 62% of the West Bank", the document argues that "Israel has failed to honour the accords as it has violated many of its provisions".

The Guardian

One example: I have been able, over the past few months, to publicly conduct meetings with my Palestinian counterpart, Finance Minister Shukri Bishara, to transfer tax monies for the Palestinian Authority (some of which were collected inside Israel proper) and to begin open discussions on joint Israeli-Palestinian economic ventures.

The New York Times

Ending these wars of empire is not only the morally right thing to do, but is more fiscally responsible, as the transfer of monies from military privateers to health care will more than offset any estimated cost overrun.

Huffington Post

Direct wire transfer of lease monies to the Caymans is the only way to go.

The New Yorker

The contract stipulates that all monies transferred to GSR will be used for obtaining and processing the data for the project — "to further develop, add to, refine and supplement GS psychometric scoring algorithms, databases and scores" — and none of the money paid Kogan should be spent on other business purposes, such as salaries or office space "unless otherwise approved by SCL".

TechCrunch

Expert writing Tips

Best practice

When using "transferring monies", ensure the context is appropriate for a slightly formal or technical tone. In more casual settings, consider using "transferring funds" or "moving money" instead.

Common error

Avoid using "transferring monies" in informal contexts or when speaking to a general audience. This phrase is best suited for financial reports, legal documents, or technical discussions.

Linguistic Context

The phrase "transferring monies" functions as a gerund phrase, often acting as a noun within a sentence. It describes the action of moving money from one place to another. Ludwig AI confirms its correctness and usability in written English, particularly in financial or banking contexts.

Expression frequency: Rare

Frequent in

News & Media

34%

Science

33%

Academia

33%

Less common in

Encyclopedias

0%

Formal & Business

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, the phrase "transferring monies" is grammatically correct but relatively rare. As Ludwig AI indicates, it is usable in written English, particularly in financial or banking contexts, though "transferring funds" is a more common alternative. Its formal register makes it suitable for financial reports, legal documents, or academic discussions. While the phrase appears in news, scientific, and academic sources, it's essential to consider audience and context when choosing between "transferring monies" and simpler alternatives like "moving money".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

transferring funds

Replaces "monies" with the more common and formal term "funds".

moving funds

Uses "moving" instead of "transferring", providing a slightly less formal tone.

relocating capital

Emphasizes the movement of financial capital from one place to another.

remitting payments

Focuses on the act of sending payments, often internationally.

redirecting finances

Suggests a change in the planned or intended destination of money.

shifting assets

Broadens the scope to include the movement of assets, not just cash.

conveying monetary assets

Uses a more formal and legalistic tone to describe the transfer of financial resources.

routing payments

Focuses on the process and path of money as it's being transferred.

transmitting currency

Highlights the act of sending currency, often electronically.

funneling revenues

Implies a directed flow of revenue towards a specific purpose or destination.

FAQs

What does "transferring monies" mean?

The phrase "transferring monies" refers to the act of moving or conveying funds from one account, entity, or location to another. It's often used in financial or legal contexts.

Is it better to say "transferring monies" or "transferring funds"?

"Transferring funds" is generally preferred in most contexts as it is more common and widely understood. "Transferring monies" is acceptable but sounds more formal. Consider using "transferring funds" for broader appeal.

What are some alternatives to "transferring monies"?

Alternatives include "moving money", "transferring funds", "remitting payments", and "redirecting finances", depending on the specific context.

When is it appropriate to use "transferring monies"?

The phrase "transferring monies" is appropriate in formal or technical contexts, such as legal documents, financial reports, or when discussing specific transactions within the financial industry. Otherwise, a simpler term like "moving funds" is usually adequate.