Meaning of the word "make a transfer" in English

What does "make a transfer" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

make a transfer

US /meɪk ə ˈtræns.fɝː/
UK /meɪk ə ˈtræns.fɜːr/
"make a transfer" picture

Phrase

to move money from one bank account to another, or to move from one vehicle to another during a journey

Example:
I need to make a transfer from my savings to my checking account.
We have to make a transfer at the next station to catch the express train.