Do not transfer noted items. They do not appear as a drop.
Cash and non-noted items work. I would definitely suggest you do a small amount first to 'test'. The Red Portal at Clan Wars is what most people suggest.
Another way I found easy is having the character die in the wilderness BY AN NPC. For example, I have some level 3 money-makers that I need to transfer wealth off of. I have them hop the wilderness ditch north-east of Edgeville in a low-key world and let the skeleton KO them. The coins and non-noted items appear instantly on the ground. Grab them your other account.