transfers funds

USAGE SUMMARY

The phrase "transfers funds" is correct and usable in written English.
It can be used in contexts related to banking, finance, or transactions where money is being moved from one account to another. Example: "The bank processes transactions that transfers funds between accounts within minutes."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

21 human-written examples

The central government transfers funds to local ones (via provincial governments) to cover basic costs, but this is often far from enough.

The Economist

Only the executor of the will can apply for probate and you need probate to "wrap up" a deceased person's estate – a bank, for example, would insist on seeing an authorised copy of the probate document before it transfers funds.

The Guardian - Lifestyle

Using its network of 600 community workers who operate at village-level, the clinic transfers funds via mobile to a local community worker who then buys a ticket for the patient.

The Guardian

One change would expand the list of crimes that can be a predicate for a money laundering charge against a foreign official who engages in corruption and transfers funds through the United States.

The New York Times

In support of this, Heritage Canada transfers funds to the provinces.

International Journal of Child Care and Education Policy

SimbaPay has raised $1 million in seed funds from transfers, Barclays Accelerator and local angel investors, according its CEO.

TechCrunch

Human-verified similar examples from authoritative sources

Similar Expressions

38 human-written examples

They provide social transfers funded mainly by payroll taxes through social security systems.

BMC Public Health

UIGEA prohibits financial institutions from transferring funds to gambling sites.

The Economist

The goldsmith-bankers began to accept deposits, make loans and transfer funds.

The Guardian - Business

Know you may not have any recourse if you transfer funds to them".

The New York Times

They are suspected of using them to communicate secretly and to transfer funds".

The Guardian

Expert writing Tips

Best practice

When writing about financial transactions, use "transfers funds" to clearly indicate the movement of money between accounts or entities. This phrase is especially appropriate in formal or business contexts.

Common error

Avoid using "transfers funds" in casual conversation or informal writing. Simpler alternatives like "sends money" or "moves money" are more appropriate.

Linguistic Context

The phrase "transfers funds" functions primarily as a verb phrase describing the action of moving money from one account or entity to another. As seen in Ludwig, it clearly articulates a financial transaction.

Expression frequency: Common

Frequent in

News & Media

32%

Science

32%

Formal & Business

36%

Less common in

Ludwig's WRAP-UP

The phrase "transfers funds" is a common and grammatically correct way to describe the act of moving money between entities or accounts. As evidenced by Ludwig AI, it appears frequently in contexts such as News & Media, Science, and Formal & Business, indicating its broad applicability in formal writing. While perfectly acceptable, consider alternatives such as "moves money" or "sends funds" for less formal situations. Remember to tailor your word choice to suit the specific context and audience.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

moves money

Replaces "transfers" with a simpler, more direct verb.

sends funds

Uses "sends" as a synonym for "transfers", implying direction.

relocates capital

Emphasizes the formal or financial aspect of the movement of money.

allocates resources

Focuses on the distribution of financial resources.

provides funding

Highlights the act of supplying financial support.

makes payments

Specifically refers to the act of paying someone.

disburses payments

Describes the formal distribution of money, often by an organization.

remits payments

Indicates the sending of money to another place, often internationally.

conveys finances

A more formal way to express the act of transferring money.

shifts capital

Implies a broader movement of assets, not just funds.

FAQs

What does "transfers funds" mean?

The phrase "transfers funds" refers to the act of moving money from one account or entity to another. It implies a formal or official movement of money.

What can I say instead of "transfers funds"?

You can use alternatives like "moves money", "sends funds", or "provides funding" depending on the context.

Is "transferring funds" the same as "transfers funds"?

"Transferring funds" is the gerund or present participle form, often used as a verb. "Transfers funds" is the third-person singular present tense form of the verb. Both are correct, but the choice depends on the grammatical structure of the sentence.

How is "transfers funds" used in a sentence?

The phrase "transfers funds" is typically used to describe an action performed by an entity or system. For example, "The bank transfers funds electronically" or "The government transfers funds to local communities."