is there any way to transfer funds from one checking account to another with accounts being different banks ?

Question

i want to do this over the internet. is it possible ?

Answer 1

sure.... you make an ACH payment... transaction is not unlike online bill paying.. and costs you about 16 cents instead of $20 like a wire x-fer would

All you need to set it up.. is the ABA # and account of the institution you are sending it to....

Answer 2

They can easily do a wire transfer into your account. They will need your banks routing number and your account number. The fee usually runs about $25 which varies with the bank. I don't know if you would consider that a small amount. It's not something you would do for small transfers. I usually only do it when transferring thousands of dollars and when I want to ensure the money gets someplace on time without risking the money getting lost in the mail.

Answer 3

It is possible for some banks. Very few offer this service. If I remember correctly, Bank of America allows it. It will also depend on the amount of money. I think anything over $1000 and you won't be able to do it because it could be a money-laundering effort.

If you live in the town in which you have your bank accounts, it would be easier and more economical to go from one to the other, since most banks charge a small fee when you transfer money out of their bank into another one.

I added the Bank of America site in case you wanted to see if you can use it...I don't even know what banks you use. Some are very uptight and won't let you transfer anything from one bank to another when you aren't physically there.

Answer 4

Absolutely. You should be able to set up a transfer through your online banking to an account at another bank. You will need the other account number for sure and possibly other information as well, it depends on your bank. You will be able to transfer money, but there may be a delay and it your bank may charge you a fee. It really depends.

Answer 5

I don't know of any way to transact this. You may take a small amount which would be just enough to open a checking account at another bank. Then you can have your present bank give you a money order, cashier's or certified check for the amount you desire. The only other way to do this is to wire money from one bank to another, but you must be set up in the other bank first. What shall we then say to these things? If God be for us, who can be against us? - Romans 8:31. The Lord daily loadeth us with benefits, even the God of our salvation. Selah. - Psalm 68:19 Peace and God Bless.

Answer 6

YES ! !
I transfer between Wells Fargo , CitiBank & Schwab because they let you set up easy to use transfer links .
It takes seconds to do and funds are moved the next day .

And forgot ING , I also do online transfers with them too !

Also , bill pay is a form of transfer , and I pay the credit card bills on line , from the checking , to the other banks where the cards are held .



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Answer 7

. Contact the bank you would transfer funds to via the internet. Ask them for directions.

Wouldn't you have to first open the account at the new bank first?

Think you would...

Answer 8

Not on the Internet. You can use a pricey wire transfer. If both banks are local just take the cash, carefully, or get a cashiers check.

Answer 9

You could do it over pay-pal but then you will be charged for it. Otherwise there is no way that I know of to do it. What I do is to go to an ATM and just withdrawal and deposit. Or, you could just write out a check from one account to the other.

Answer 10

It is called a wire transfer. You may not be able to do it on line but over the phone instead....