Payment Services

How to Transfer Money from Bank of America to Chase With 3 Most Reliable Methods?

Transferring money from one account to the other is a blessing these days. Similarly, the Transfer from Bank of America to Chase comes in quite handy, and there is no extensive procedure you will have to follow for these transfers. 

What Will We Talk About Here?
  • You can transfer money from BOA to Chase via direct deposit, cash deposit or wire transfers.
  • Direct deposits are done by Sign In account > Transfer money > Add account details > Enter amount of money > Provide date for transfer > Confirm.
  • Bank of America is one of the leading financial platforms that assist you with many economic issues.

…and Much More!

How to Transfer Money From Bank of America to Chase?

Below are a few channels that permit you to transfer money from Bank of America to Chase account ticking all boxes of concerns and safety. 

Cash Deposit 

A cash deposit is one of the easiest ways of making such a transfer. However, this is more suitable for smaller transfers as it transfers from one account to the other, and banks usually have limits on amounts that can be deposited and transacted. 

  • It is quickest in a way that as soon as you make a deposit

Your amount will be available in the Chase account without any extra formalities and requirements. 

Direct Deposit 

Direct Deposit is yet another way to make a safe and secure transfer from the Bank of America account to the Chase Account. This requires you to have on surface details of your recipient, such as the account number and the routing number

  • Direct Deposits can be made in several ways, such as Online Transfers, Mobile Transfers, and physical transfers referred to as In-branch transfers. 

Online transfers include access to online banking, i.e., you can transfer through an app or a website.  Follow these steps to make a direct deposit through your mobile application:

  1. Sign in to the app through Login ID or by using a fingerprint. 
  2. Then, click on Transfer Money. 
  3. Add the account details of your recipient. 
  4. Add the amount you wish to transfer.
  5. Provide the date on which you are scheduling a transaction.
  6. Lastly, confirm all the transaction details.
  7. Click on Make Transfer, and it’s done.

If you wish to make a mobile transfer, you need to send money from your checking or a savings account to the Chase account. The details required to make this Transfer are merely your recipient’s email address or contact number. 

Note! In-Branch transfers are done directly from your bank branch by providing all the necessary details to the concerned authority.

Wire Transfer

Another feasible way to transfer money from BOA to Chase is by making a wire transfer. As we already know, wire transfer allows you to make an electronic transfer of money across several banks and networks. 

  • If you are planning to transfer a large amount of money from the account of Bank of America to the Chase account, then wire transfer is the best option.

It takes a maximum of 3 days to make this transfer provided that you are well-equipped with the below-mentioned requirements to initiate this transfer.

  • Identification document officially issued by the government.
  • Personal information such as name, contact information, and an email address.
  • You need your bank account number.
  • Your Transit number.
  • Full name of the recipient and further contact information. 
  • Bank account number of your receiver. 
  • Transit number of the receiver.
  • ABA routing number of the recipient.

Is Transfer Via Check Also Possible? 

Even though there are several means that allow you to transfer money from BOA to the Chase account, there are a few limitations too that you have to keep in mind to avoid from any unfortunate situation. 

One such is that you are not allowed to make a transfer via check. This is because banks usually do not entertain this particular service, i.e., checks from other banks. They submit checks from the same banks to allow these kinds of transfers. 

You might be interested in reading: Chase Bank Notary Service.

Extra Reading

Limit For BOA Transfer to Other Account

Every bank has its transfer and transaction limits keeping in mind the rules and regulations designed by the official authorities. The same is the case with BOA transfers.

With BOA, you can make an ACH transfer within a specific amount i.e., $3000 per day. However, in the case of standard delivery, it is $6000 per month

Whereas, with Chase, the transfer limits are $10,000 per transaction and $25,000 per day. 

You might be interested in reading: Venmo Limits Per Day

Transfer Time for Sending Money from Bank of America to Chase 

It usually varies with the methods of payments you select, but it can generally take up to 3 working days. 

This bank-to-bank transfer is a bit time-consuming because there is detailed verification required from both parties to confirm both the authentic details of the sender and the recipients.

  • It prevents unlawful money laundering that is quite a problem these days. 

Moreover, suppose you are transferring from the Bank of America to some international account, your account is debited the same day, and payment is sent out promptly by Bank of America without any delay. 

Bank of America Account – Is It Worth It? 

Every service platform has its own advantages and disadvantages and you cannot expect to get a 100% from a single source. Same is the case with Bank of America. 

  • Bank of America is one of the leading financial platforms that assist you with many economic issues.

It has well-trained professionals with expertise in this field to guide you through every step, whether it is about the deposit account or investment choices or any other financial aspect. 

One of the most significant advantages of having an account at Bank of America is earning rewards with their BankAmeriDeals. 

Bank of America account is perfect for the customers who wish to open a savings account with a reasonable deposit required. The bank also offers you several rewards and discounts if you choose one of their programs available, i.e., Gold, Platinum, and Platinum Honors. 

How To Open BOA Account?

Opening a bank account at BOA is not a burdensome process. Just surf through the website of BOA and follow the general guidelines. 

We will give you a brief overview of the information required to open an account at Bank of America to proceed with the transfers. 

  • Personal information.
  • ZIP code.
  • Social Security Number is needed too.
  • Identification documents.
  • Address.

These are the basic details you need to have at any cost to open a secure account, and banks keep a rigorous check on this information to prevent any trickery from happening through these channels.

The Bottom Line 

Bank of America is a legacy in itself and has helped its customers for years now. It ensures that your money reaches your desired account without any mishap or fraudulent actions. 

We hope that this guide led you to through the convenient ways of making a transfer from your Bank of America account to other accounts, most preferably to the Chase account. It would be best to have all the essential details in your pocket, and you are good to proceed. 

Frequently Asked Questions About Transfer Money From BOA To Chase

Can Money transfers be made from a Chase account to Bank of America’s history?

Yes, you can quickly transfer money from Chase to a Bank account. Just create an account with Chase and enter the account details of your recipient to send money. 

Lastly, tap Yes, send It now. 

Can you make a transfer through the Zelle app from BOA to Chase’s account?

Yes, you can transfer money through the Zelle app. There is no hard and fast rule; you need to have the mobile number or, otherwise, an email address of your recipient. 

What is the transaction fee for transferring from Bank of America to Chase?

If you wish to make a transfer within three business days, you will be charged a $3 fee. However, if you want to transfer on the next business day, the fee is increased to $10

If you wish to make this Transfer accessible, you have to be an owner of an account at both banks.