1. Teller Cloud User Guide
  2. Transfers
  3. Account Transfer

3.1 Account Transfer

The Account Transfer screen is used to transfer funds from one account to another account within the bank.

The funding account and beneficiary account can be in different currencies and belong to different branches.

To perform account transfer:

  1. On the Home screen, from Teller mega menu, under Transfers, click Account Transfer or specify Account Transfer in the search icon bar and select the screen.
    The Account Transfer screen is displayed.

    Figure 3-1 Account Transfer


    Description of Figure 3-1 follows
    Description of "Figure 3-1 Account Transfer"

  2. On the Account Transfer screen, specify the fields. For more information on fields, refer to the field description table.

    Table 3-1 Account Transfer - Field Description

    Field Description

    Debit Account

    Specify the customer account from which the funds need to be debited.

    Debit Amount

    Displays the transaction account currency. Specify the transaction amount that needs to be debited from the customer account.

    Credit Account

    Specify the account to which the funds need to be credited.

    Credit Account Name

    Displays the description of the account number specified.

    Credit Account Branch

    Displays the branch code of the account number specified.

    Credit Amount
    Displays the amount in terms of the credit account currency.

    Note:

    This field is displayed only if Multi-Currency Configuration at the Function Code Indicator level is set as Y.

    Exchange Rate
    Displays the exchange rate used to convert the transaction account currency into credit account currency and it can be modified.

    Note:

    If the transaction currency is the same as the account currency, the system displays the exchange rate as 1. This field is displayed only if Multi-Currency Configuration at the Function Code Indicator level is set as Y.

    Narrative

    		 Displays the default narrative as Account Transfer, and it can be modified.
  3. Specify the charge details. For information on the fields in the Charge Details segment, refer to Charge Details.
  4. Click Submit.
    A teller sequence number is generated, and the Transaction Completed Successfully information message is displayed.

    Note:

    The transaction is moved to authorization in case of any warning raised when the transaction saves.

    When you submit, the transaction details are handed off to accounting.

Parent topic: Transfers