{"id":3104,"date":"2026-09-18T00:47:00","date_gmt":"2026-09-18T00:47:00","guid":{"rendered":"https:\/\/resource-center.sprucemoney.com\/?p=3104"},"modified":"2026-09-18T12:49:44","modified_gmt":"2026-09-18T12:49:44","slug":"how-to-transfer-money-from-one-bank-to-another","status":"publish","type":"post","link":"https:\/\/resource-center.sprucemoney.com\/mobile-banking\/how-to-transfer-money-from-one-bank-to-another\/","title":{"rendered":"How to transfer money from one bank to another"},"content":{"rendered":"\n

How people handle their money has changed a lot in recent years. Transferring money between accounts used to require filling out transfer slips, writing checks to yourself, or having painfully long conversations with bank tellers. On the plus side, there were often lollipops at the teller window. But the joys of a sweet treat don\u2019t always outweigh the pain of driving to, and waiting in line at, the bank.<\/p>\n\n\n

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\"Man<\/figure>\n<\/div>\n\n\n

Thanks to online tools and mobile banking<\/a>, the process of moving money between banks has gotten a lot simpler. Understanding how to use these tools helps you save time and manage your money better (even if they don\u2019t come with candy). <\/p>\n\n\n\n

If you need to move your funds, Spruce has got your back with some essential details on how to transfer money from one bank to another. We\u2019ve also got a suite of other handy features\u2014like savings with high-yield interest and a budget tracker\u2014to help you stay on top of your financial goals.<\/p>\n\n\n\n

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Easy money management, no monthly fees. Explore the Spruce mobile banking app, built by H&R Block.<\/h3>
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Get started<\/a><\/div>\n<\/div><\/div><\/div>\n\n\n\n

Spruce fintech platform is built by H&R Block, which is not a bank. Bank products by Pathward\u00ae, N.A., Member FDIC.<\/p>\n\n\n\n

How do I transfer money from one bank to another? Learn how in 5 easy steps  <\/h2>\n\n\n\n

These days, transferring money between different banks is a relatively quick and simple task. You can usually do it online with a computer or on a mobile device.  <\/p>\n\n\n\n

While the process will be different bank to bank, here are a few general steps:  <\/p>\n\n\n\n

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  1. Log into your bank\u2019s website, or pull up your account on a mobile app.  <\/li>\n\n\n\n
  2. Select the account from which you\u2019d like to transfer money, such as a checking account or savings account.<\/li>\n\n\n\n
  3. Click on the transfer feature. You may be given the option to transfer funds internally between another checking or savings account at the same bank. Instead, you\u2019ll want to select the option to transfer money to\/from an external account. <\/li>\n\n\n\n
  4. Next, you\u2019ll need to link the external account if you haven\u2019t already. The bank\u2019s transfer feature will prompt you to enter the external bank\u2019s routing number and the account number for the account to which you want to send money. You can find these numbers through that bank\u2019s online portal or app, on your bank statement, or on a paper check\u2014if you still roll that way. Make sure that you enter these figures correctly. You wouldn\u2019t want to accidentally send money to someone else\u2014that mistake isn\u2019t always easy to undo. (Note: Some banks may use third-party tools to make this step easier.) <\/li>\n\n\n\n
  5. Once the accounts are linked, enter the amount you\u2019d like to move and make the transfer. Keep in mind that limits on transfer amounts and frequencies will vary. <\/li>\n<\/ol>\n\n\n\n

    In most cases: The first time you make a transfer, your bank may ask you to verify that you are the owner of the account you are sending money to. For example, you might have to enter log-in information for that account, which the bank will verify electronically. There may be a third-party verification process. Or the bank might make a small deposit in the account\u2014to the tune of a few cents\u2014and ask you to confirm the amounts.  <\/p>\n\n\n\n

    Transfers between external accounts may take a couple days, and a longer verification process could slow things down a bit the first time around.  <\/p>\n\n\n\n

    Transferring money from one bank to another instantly  <\/h3>\n\n\n\n

    If you\u2019re interested in how to transfer money from one bank to another instantly, you may consider using peer-to-peer apps or a mobile payment service offered by many banks. They allow the transfer of money between bank accounts.  <\/p>\n\n\n\n

    It\u2019s important to note that these apps and services can all have their own transfer amount limits, fees, restrictions, and risks. For example, one risk could be the inability to reverse transfers to the wrong person.  <\/p>\n\n\n\n

    Another option for the swift movement of funds is a wire transfer. They are often used when moving large sums of money. You can set up wire transfers online, and they\u2019re quick\u2014typically taking less than 24 hours. But sending or receiving funds with a wire transfer tends to come with hefty fees.  <\/p>\n\n\n\n

    Can you transfer money between bank accounts internationally while outside the United States? <\/h3>\n\n\n\n

    Standard bank-to-bank transfers (ACH) are limited to U.S. financial institutions, so international transfers typically must be done through other methods such as wire transfers or global payment networks. <\/p>\n\n\n\n

    Considerations for money protection and saving goals when transferring money <\/h2>\n\n\n\n

    As you move money around, there are several considerations to be aware of.  <\/p>\n\n\n\n