Banking transactions are getting easier day by day thanks to technology. Especially thanks to mobile banking and internet banking, it is quite simple to see the balance and follow the statement.
The convenience of digitalization is also reflected in money transfers. Both interbank and interpersonal money transfers, including wire transfer and EFT, can now be made on the same day. In fact, for many banking transactions, it is no longer necessary to go to a bank branch or ATM; Many operations can be performed with a few taps.
Virman is one of these transactions. In this content, we have clarified many points that are curious about the transfer process.
What is a transfer?
Although it is not used frequently in everyday language and especially among the young population, the virman process; It is a term that we encounter mostly in the banking literature and is well known to those dealing with trade.
In the simplest sense, this transaction, which represents the transfer of money from one current account to another account, is often confused with wire transfer and EFT, as it has the same logic. However, when you look at the details, it is possible to talk about a small distinction:
Wire transfer, money transfer between two people using the same bank; EFT means money transfer between different banks. Virman, on the other hand, is a money transfer between two accounts belonging to the same person in a bank.
What is a Transfer Transaction?
As stated above, the transfer transaction is made between two different current accounts of the person in the same bank.
There can be many reasons for having different current accounts in the same bank. For example, a worker who opens a second current account in addition to the account where his salary is deposited can view his income-expenses and savings much more easily.
Having two different accounts makes the job of those who want to control their spending much easier. Money transfers between these two accounts are referred to as virman in the banking literature.
How to make a transfer?
It can be done in minutes with an instruction from Virman bank branches, ATMs, internet banking or mobile banking.
Since the transfer is a transaction made between one's own accounts, the margin of error is quite low. Situations such as sending the wrong or missing amount can be easily corrected by making a return transfer. If a person has more than one current account at the same bank, he should also pay attention to which account he sends to while making transfers.
What should be considered in the transfer process?
There are two main points to consider when making a transfer. The first of these is the day and time of the money transfer order. If this process is to be done by going to the bank branch, working hours and public holidays should be taken into account. At the weekend or after working hours, ATMs, internet banking or mobile banking can be used to issue transfer orders.
The second thing to consider when making a transfer is the correctness of the account number. An easy way to understand that the transfer order has been placed for the correct account is to check the transaction fee. Banks do not charge any fee for the transfer between the person's own accounts. If there is a fee reflected at the end of the transaction, it is useful to confirm the accuracy of the account number. Although the account number is correct, if the fee is reflected, the bank should be contacted.
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