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 Online?

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

Cash Deposit 

A cash deposit is one of the easiest ways to transfer. However, this is more suitable for smaller transfers as it moves 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 formalities and requirements. 

Direct Deposit 

Direct Deposit is another way to make a safe and secure transfer from the Bank of America account to the Chase Account. This requires you to have 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 a Login ID or 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.

To make a mobile transfer, you must send money from your checking or savings account to the Chase account. The details required to make this Transfer are 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.

Bank of America Wire Transfer

Wire transfer is another feasible way to transfer money from BOA to Chase. As we already know, wire transfer allows you to transfer cash electronically across several banks and networks. 

  • If you plan to transfer a large amount of money from your Bank of America account to your 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 email address.
  • You need your bank account number.
  • Your Transit number.
  • Please provide the 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 several means allow you to transfer money from BOA to the Chase account, there are a few limitations too that you must keep in mind to avoid any unfortunate situation.

One such is that you are not allowed to transfer via check. Banks usually refrain from entertaining 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

Bank of America Transfer To Another Bank Limit

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 daily. However, in the case of standard delivery, it is $6000 per month

Meanwhile, the transfer limits with Chase are $10,000 per transaction and $25,000 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 time-consuming because detailed verification is required from both parties to confirm the sender’s and the recipients’ authentic details.

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

Moreover, suppose you are transferring from 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 delay. 

Bank of America Account – Is It Worth It? 

Every service platform has advantages and disadvantages, and you cannot expect 100% from a single source. The same is the case with Bank of America. 

  • Bank of America is a leading financial platform that assists 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 deposit account 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. 

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

How To Open BOA Account?

Opening a bank account at BOA is a manageable process. Just surf through the BOA website 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 and has helped its customers for years. It ensures that your money reaches your desired account without mishap or fraud.

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

Frequently Asked Questions About Transfer Money From BOA To Chase

Can I transfer money from BOA to Chase for free?

Yes, you can send money from Bank of America to Chase without charges.

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 your recipient’s account details to send money. 

Lastly, tap Yes, and send it now. 

Can you 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, your recipient’s email address. 

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

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

To make this transfer accessible, you must own an account with both banks. 

How do you transfer money from Bank of America to another bank?

The easiest way to transfer money from BOA to another bank account is through online Transfer using the account and routing numbers. You can send money online to someone else’s account within minutes.