Automatic transfers refer to a process in which funds are transferred between two accounts or financial products without any manual intervention from the account holder. This can be done through pre-set rules, such as transferring a certain amount each month from a savings account to a checking account, or by linking multiple bank accounts so that any available balance is automatically moved to another account when it reaches a certain threshold. Automatic transfers are often used as a tool for budgeting and saving, allowing individuals to set up regular transfers between their accounts in order to ensure bills are paid on time, savings goals are met, or excess funds are directed towards investments or other financial products.