This question hailed from this question of mine. There, I asked about the singular or plural word of 'Fund' but here, I'm asking something different.
In India, banks have options of 'Funds transfer' and not money transfer.
Here is the screenshot from my personal netbanking.
Now, at times, I transfer money from my Account A to my Account B. Both are my accounts and I simply transfer money for some reason (say low amount in Account B). Also transactions for services and products do happen this way (For instance, if I am the moderator of ELL and ELL pays me for the services, if it transfers the money into my account, my bank will notify me as 'Funds received from ELL.').
Now the question:
Can we use 'funds transfer' as 'money transfer' if that money is not used for any charity or in the interest of society?