So this question is mainly directed to the day to day transactions between accounts of different banks. More specifically I would like to know what (if any) 3rd party you use such as (pay-pal) to transfer money between banks. Since I do all my money management online and the bank is inconvenient, I'd like to know what other options there are to transfer money between accounts of different banks. Wells Fargo doesn't offer the option to transfer to another account.

I know BOA allows for that, but I'd rather not get another bank account. Thanks for your inputs!

closed as off-topic by Nathan L, Dheer, Pete B., MD-Tech, BobbyScon Jun 20 '18 at 16:07

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  • I always am surprised how complicated things in the US are concerning money transfers. In Europe, you can do a wire transfer from any bank to any other. – glglgl Jun 14 '18 at 15:25

Not sure I understand your question correctly, but you could use ACH to transfer funds between banks without a fee (most banks don't charge, the big ones might, for outgoing). The downside of course is that an ACH takes 2 to 5 days depending on both the originating and receiving banks.

A wire is instantaneous but there is always a fee.

  • 4
    Added links to ACH and wire definitions for more general audience who may not be familiar with the banking terms. – Zephyr May 15 '10 at 4:58

Other than the options pointed out by MoneyOne, I would like to add one more. If the bank that you want to transfer money from has bill pay facility, then you can send yourself a check for the required amount. Then you could deposit this check in the bank where you want to money transferred. I do agree that this is a long way method of transferring money between banks, but this is the only way to do it if your (From) bank doesn't allow bank to bank transfers for your (To) bank or charges you money for each transfer. Normally, most banks give you access to bill pay facility free of charge if you use online banking. I also believe that you could even use it with a savings account, but don't quote me on that.

Also, I do know that Bank Of America has started accepting checks through their ATMs, so if your (To) bank does something similar, you would not even need to go to a physical branch.


If the bank you are transferring to has mobile check deposit, simply write yourself a check and deposit it with the app.

Availability of funds will depend on a lot of factors and the specific bank, but should generally be immediate.

  • This is a good, free, and fast solution. I was using this method to transfer money between US Bank and WF for about 3 years until Zelle came around. – Helpful Friend Jun 14 '18 at 21:19

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