A bank transfer is a method of moving money from one bank account to another. This can occur between accounts at the same bank or different banks. Bank transfers can be initiated online, through mobile apps, or in person at a bank branch. They are commonly used for paying bills, sending money to friends or family, and making purchases. There are different types of bank transfers, including wire transfers, ACH transfers, and international transfers. Each type has its own processing time and fees. Generally, bank transfers are considered a secure way to send money, as they involve financial institutions that follow strict regulations.