diff --git a/CHANGELOG.md b/CHANGELOG.md
index e8f1c342a..8bff6b300 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Added
 
+- Added support to transfer a part of the cash balance from one to another account
 - Extended the markets overview by benchmarks (date of last all time high)
 
 ### Changed
diff --git a/apps/api/src/app/account/account.controller.ts b/apps/api/src/app/account/account.controller.ts
index bf15d998f..05d0c11de 100644
--- a/apps/api/src/app/account/account.controller.ts
+++ b/apps/api/src/app/account/account.controller.ts
@@ -29,6 +29,7 @@ import { StatusCodes, getReasonPhrase } from 'http-status-codes';
 
 import { AccountService } from './account.service';
 import { CreateAccountDto } from './create-account.dto';
+import { TransferBalanceDto } from './transfer-balance.dto';
 import { UpdateAccountDto } from './update-account.dto';
 
 @Controller('account')
@@ -154,6 +155,58 @@ export class AccountController {
     }
   }
 
+  @Post('transfer-balance')
+  @UseGuards(AuthGuard('jwt'))
+  public async transferAccountBalance(
+    @Body() { accountIdFrom, accountIdTo, balance }: TransferBalanceDto
+  ) {
+    if (
+      !hasPermission(this.request.user.permissions, permissions.updateAccount)
+    ) {
+      throw new HttpException(
+        getReasonPhrase(StatusCodes.FORBIDDEN),
+        StatusCodes.FORBIDDEN
+      );
+    }
+
+    const accountsOfUser = await this.accountService.getAccounts(
+      this.request.user.id
+    );
+
+    const currentAccountIds = accountsOfUser.map(({ id }) => {
+      return id;
+    });
+
+    if (
+      ![accountIdFrom, accountIdTo].every((accountId) => {
+        return currentAccountIds.includes(accountId);
+      })
+    ) {
+      throw new HttpException(
+        getReasonPhrase(StatusCodes.NOT_FOUND),
+        StatusCodes.NOT_FOUND
+      );
+    }
+
+    const { currency } = accountsOfUser.find(({ id }) => {
+      return id === accountIdFrom;
+    });
+
+    await this.accountService.updateAccountBalance({
+      currency,
+      accountId: accountIdFrom,
+      amount: -balance,
+      userId: this.request.user.id
+    });
+
+    await this.accountService.updateAccountBalance({
+      currency,
+      accountId: accountIdTo,
+      amount: balance,
+      userId: this.request.user.id
+    });
+  }
+
   @Put(':id')
   @UseGuards(AuthGuard('jwt'))
   public async update(@Param('id') id: string, @Body() data: UpdateAccountDto) {
diff --git a/apps/api/src/app/account/account.service.ts b/apps/api/src/app/account/account.service.ts
index dc049108c..bc6abcc7a 100644
--- a/apps/api/src/app/account/account.service.ts
+++ b/apps/api/src/app/account/account.service.ts
@@ -109,7 +109,7 @@ export class AccountService {
     });
   }
 
-  public async getAccounts(aUserId: string) {
+  public async getAccounts(aUserId: string): Promise<Account[]> {
     const accounts = await this.accounts({
       include: { Order: true, Platform: true },
       orderBy: { name: 'asc' },
@@ -218,13 +218,13 @@ export class AccountService {
     accountId,
     amount,
     currency,
-    date,
+    date = new Date(),
     userId
   }: {
     accountId: string;
     amount: number;
     currency: string;
-    date: Date;
+    date?: Date;
     userId: string;
   }) {
     const { balance, currency: currencyOfAccount } = await this.account({
diff --git a/apps/client/src/app/components/accounts-table/accounts-table.component.html b/apps/client/src/app/components/accounts-table/accounts-table.component.html
index 664694735..a4548c1b9 100644
--- a/apps/client/src/app/components/accounts-table/accounts-table.component.html
+++ b/apps/client/src/app/components/accounts-table/accounts-table.component.html
@@ -1,4 +1,4 @@
-<div *ngIf="false" class="d-flex justify-content-end">
+<div class="d-flex justify-content-end">
   <button
     class="align-items-center d-flex"
     mat-stroked-button
diff --git a/apps/client/src/app/pages/accounts/accounts-page.component.ts b/apps/client/src/app/pages/accounts/accounts-page.component.ts
index 18d5d1e2a..882f9b3f6 100644
--- a/apps/client/src/app/pages/accounts/accounts-page.component.ts
+++ b/apps/client/src/app/pages/accounts/accounts-page.component.ts
@@ -295,9 +295,16 @@ export class AccountsPageComponent implements OnDestroy, OnInit {
           const { accountIdFrom, accountIdTo, balance }: TransferBalanceDto =
             data?.account;
 
-          console.log(
-            `Transfer cash balance of ${balance} from account ${accountIdFrom} to account ${accountIdTo}`
-          );
+          this.dataService
+            .transferAccountBalance({
+              accountIdFrom,
+              accountIdTo,
+              balance
+            })
+            .pipe(takeUntil(this.unsubscribeSubject))
+            .subscribe(() => {
+              this.fetchAccounts();
+            });
         }
 
         this.router.navigate(['.'], { relativeTo: this.route });
diff --git a/apps/client/src/app/services/data.service.ts b/apps/client/src/app/services/data.service.ts
index d5dce6159..f5cafb57a 100644
--- a/apps/client/src/app/services/data.service.ts
+++ b/apps/client/src/app/services/data.service.ts
@@ -2,6 +2,7 @@ import { HttpClient, HttpParams } from '@angular/common/http';
 import { Injectable } from '@angular/core';
 import { CreateAccessDto } from '@ghostfolio/api/app/access/create-access.dto';
 import { CreateAccountDto } from '@ghostfolio/api/app/account/create-account.dto';
+import { TransferBalanceDto } from '@ghostfolio/api/app/account/transfer-balance.dto';
 import { UpdateAccountDto } from '@ghostfolio/api/app/account/update-account.dto';
 import { CreateOrderDto } from '@ghostfolio/api/app/order/create-order.dto';
 import { Activities } from '@ghostfolio/api/app/order/interfaces/activities.interface';
@@ -505,6 +506,18 @@ export class DataService {
     });
   }
 
+  public transferAccountBalance({
+    accountIdFrom,
+    accountIdTo,
+    balance
+  }: TransferBalanceDto) {
+    return this.http.post('/api/v1/account/transfer-balance', {
+      accountIdFrom,
+      accountIdTo,
+      balance
+    });
+  }
+
   public updateInfo() {
     this.http.get<InfoItem>('/api/v1/info').subscribe((info) => {
       const utmSource = <'ios' | 'trusted-web-activity'>(