How to Transfer Money Online: Intrabank Transfers Explained

Transferring funds to someone who uses the exact same bank as you is commonly known as an internal wire or intrabank transfer (often called havale in Turkish banking). Because both accounts sit within the same institution, the transaction avoids external clearing houses. That means it isn’t limited by business hours—you can send money 24 hours a day, 7 days a week, and the funds arrive almost instantly.

While visits to a local branch were once mandatory to send money, today you can handle everything in seconds from your smartphone or laptop. All you need is an active online or mobile banking profile.

3 Simple Steps to Send Money Online

1. Activate your digital banking access. If you already hold an account but haven’t used mobile or web banking yet, get in touch with your bank. You can usually register directly via the bank’s mobile app, call customer support, or stop by a branch to activate digital access and create your secure password.

2. Log in securely. Open your bank’s app or official website. Enter your customer ID (or national identity number) along with your password. Most banks require two-factor authentication, meaning you will receive a single-use verification code via SMS or an app prompt before gaining access.

3. Navigate to Money Transfers. Look for the “Transfers” or “Send Money” tab in your dashboard, then choose the internal transfer option (same-bank transfer). Enter the recipient’s IBAN or their branch and account numbers, specify the amount, and confirm the transaction.

Practical Tips for Smooth Transfers

• Transfer anytime, anywhere: You can initiate payments via your smartphone, tablet, or desktop without waiting in long teller queues or visiting an ATM.
• Double-check the recipient name: When you enter an IBAN or account number, modern banking apps automatically display the masked initials of the recipient’s full name. Take a second to confirm those initials match your intended recipient before pressing send.
• Lightning-fast settlement: Barring rare technical maintenance, internal transfers hit the recipient’s balance within seconds to five minutes at most.

How Much Do Online Transfers Cost Compared to Branch Visits?

Managing your finances digitally saves more than just time; it keeps serious cash in your wallet. Banks charge substantially higher processing fees for in-person counter services compared to self-service digital channels.

• Online & Mobile: Most digital internal transfers are entirely free, while some institutions charge only a tiny convenience fee (often just a few cents or a couple of liras).
• Branch Counter: Walking into a branch to have a teller wire funds can cost anywhere from five to ten times more for the exact same transaction.

Taking advantage of online banking gives you instant, round-the-clock control over your money while keeping your transaction costs as low as possible.