Transferring Multicurrency Funds

From time to time, you may want to transfer funds from a local bank account to a foreign bank account, or from the foreign account to your local account. The quickest way to do this is to make a deposit into the account that will be receiving the funds.

When transferring funds between local and foreign accounts, you must use the foreign currency value of the money, rather than its value in US dollars. This may require you to convert the amount from US dollars to the foreign currency. If this is the case, you can use the Currency Calculator window to quickly figure out the money's value in the foreign currency. To display the Currency Calculator window, choose Currency Calculator from the Help menu.

To Transfer Funds - Local (US) to Foreign

• Open the Spend Money window under Banking.
• Choose the currency associated with the foreign account by clicking on the Currency button at the bottom of the screen.
• Click the Exchange Rate button to display the Exchange Rate window. Click the arrow next to the Currency field and choose the currency associated with the account you want from the list of currencies that appears. Then click OK.
• From the list of checking accounts in the upper left corner of the window, choose the account from which the funds will be drawn (your local currency funds account).
• Enter the transaction date and the amount being transferred. The amount must be in the foreign currency, not in US dollars. Also mark the Already Printed option if you don't plan to print an actual check.
• In the scrolling list, enter the account into which the funds are being deposited (your foreign-currency account). Enter the same amount that appears in the Amount field at the top of the window in the Amount column in the scrolling list.

To Transfer Funds - Foreign to Local (US)

• Open the Spend Money window under Banking.
• Choose the currency associated with the foreign account by clicking on the Currency button at the bottom of the screen.
• Choose the currency associated with the foreign account:
• Click the Exchange Rate button to display the Exchange Rate window. Click the arrow next to the Currency field, choose the currency associated with the account you want from the list of currencies that appears and click OK.
• From the list of checking accounts that appears in the upper left corner of the window, choose the account from which the funds will be drawn (your foreign-currency account).
• Enter the transaction date and the amount being transferred. The amount must be in the foreign currency, not in your local currency. Also mark the Already Printed option if you don't plan to print an actual check.
• In the scrolling list, enter the account for the account into which the funds are being deposited (your local currency funds account). Enter the same amount that appears in the Amount field at the top of the window in the Amount column in the scrolling list.