How to transfer money from Bank of America and swift code

Last Updated on September 2, 2024 by admin

Do you understand easy steps to transfer money from Bank of America to another bank ? Do you need to send money to a family member, friend or someone else at one time or another?

The BOA money transfer is seamless and fast when it comes to sending money. You need to visit the banking premise before you can send money.

You can either make use of Zelle, Mobile app, Online banking, Wire transfer, Send a check. You can transfer funds among all of your business accounts except your business Certificate of Deposit (CD).

Transfers from Business Credit Express line of credit accounts can be made only to your linked checking or savings accounts. You can also make immediate transfers from your personal and business credit card to your linked checking or savings account.

How to send money from Bank of America using mobile app

1. Use your fingerprint to securely log in.
2. Select Pay & Transfer then Transfer between my accounts.
3. Select the account you want to transfer From and then the account you want to transfer to
4. Enter the Amount you’d like to transfer.
5. Enter the Date you want the transaction to occur and then tap Continue.
6. Confirm the transaction details, tap Make Transfer and you’re done!

Read: Bank of America Zelle Limits: How to send and receive money with Zelle

2.How to transfer money on wellsfargo to Friends & Family with Zelle

To transfer money to friends and family using Zelle through Wells Fargo, you can follow these steps:

1. Log in: Sign on to the Wells Fargo Mobile app or Wells Fargo Online.

2. Navigate to Zelle:

   • Mobile app: Go to “Pay & Transfer” then select “Zelle®”.
   • Online: Select “Transfer & Pay”, then choose “Send money with Zelle®”.

3. Add Recipient:

   • Select “+” to add a new recipient.
   • Enter their name and U.S. mobile phone number or email address.
   • If the recipient is not yet enrolled in Zelle, you can only use their email address.
   • If the recipient is a Wells Fargo customer, the money will be sent directly to their bank account. If not, they will receive a notification to enroll in Zelle to receive the money.

4. Send Money:

   • Select “Send” and choose the recipient.
   • Enter the amount you want to send.
   • Review the details and select “Send” again to confirm the transfer.

Money sent with Zelle typically arrives within minutes.

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Zelle Transfer Limits.

Individuals            Small Business*   Merrill Lynch     Private Bank
24 hours  $3,500      10   $15,000        20  $15,000         15   $25,000
7 days     $10,000     30   $45,000     65 $45,000           30 $60,000
30 days  $20,000     60 $60,000      120 $60,000          60 $100,000

Single transaction maximum: $3,500 (Individuals) $15,000 (Small Business*)

How to enroll for zelle

There are two primary methods to enroll for Zelle in the United States:

1. Through Your Bank or Credit Union 

This is the most common and convenient method if your financial institution participates in the Zelle network:

• Access your online banking account or mobile banking app.
•  Look for a section related to Zelle. It might be labeled “Send Money with Zelle,” “Transfers,” or something similar.
• Click or tap on the option to enroll in Zelle. You’ll likely be asked to provide your email address or U.S. mobile phone number and select the bank account you want to link to Zelle.
• Complete any additional verification steps as required by your bank.

2. Through the Zelle App (If your bank doesn’t offer Zelle) 

If your bank or credit union doesn’t offer Zelle directly, you can still enroll using the standalone Zelle app:

• Download the Zelle app from the App Store or Google Play Store.
•  Launch the Zelle app and select “Get Started.”
• Provide your basic contact details, email address, U.S. mobile phone number, and link a U.S.-based Visa or Mastercard debit card. 
• Follow the on-screen instructions to verify your information.
•  Once verified, you’ll be enrolled in Zelle and can start using it to send and receive money.

3.How to transfer money on wellsfargo using online banking

Transferring money between your Wells Fargo accounts or to another bank account using Wells Fargo Online is easy:

Transferring between Wells Fargo accounts:

1. Sign On: Log in to Wells Fargo Online.
2. Go to Transfers: Navigate to the “Transfer & Pay” section.
3. Choose Accounts: Select the account you want to transfer money “From” and the account you want to transfer money “To.”
4. Select Frequency: Choose whether this is a one-time transfer or a recurring one (daily, weekly, monthly, etc.).
5. Set Transfer Date and Amount: Enter the date you want the transfer to occur and the amount of money you wish to transfer.
6. Review and Submit: Review all the details of your transfer carefully. If everything looks correct, click “Submit” to initiate the transfer.

Transferring to another bank account (external transfer):

1. Add an External Account: Before you can transfer money to another bank, you need to add it as an external account. Go to “Transfer & Pay” and select “Add Non-Wells Fargo Accounts.” Follow the instructions to verify the account. This process might take 1-3 business days.
2. Initiate Transfer: Once the external account is verified, follow the same steps as for transferring between your own Wells Fargo accounts (steps 2-6 above), but select the external account as the “To” account.

4.  Wire Transfer

You can Log in to Online Banking and select the tab to send money to your own account, someone else or a business account using wire transfer. You can either carry out international wire transfer or domestic wire transfer depending on your choice.

International wire transfer

a. You need the recipient’s name, address and bank information, including SWIFT code and account number.

b.You can send in U.S. dollars or foreign currency; cutoff time is 5 p.m. Eastern and typically arrives in 1 to 2 business days.

c. Some countries require specific bank identifiers (e.g. Canada’s Transit Code or India’s IFSC code), or account identifiers (e.g. IBAN, or CLABE for Mexico). then

i. Log in to Online Banking.and select the Using their account number at another bank link from the Send Money To Someone section of the Transfers navigation menu and follow the instructions.

ii. Select Transfer and then To/from other banks (includes wires).
iii. Add their account as a new recipient.
iv.Select International Wire Transfers).
v.Select the country where the recipient’s account is located.
vi.Click Add Account

vii,Select Return to Make Transfer to set up the transfer.
viii.Select your account and the recipient. Enter the amount you want to send
ix. Confirm that the information for your wire transfer is correct.
x. Tap Transfer

Domestic wire transfer

To transfer money domestically, kindly login to your online banking
ii. Select Domestic (U.S. wire transfer
iii. The following on screen message to transfer.

1v.You need the recipient’s name, address, bank wire routing number (ABA) and account number.

v. Cutoff time is 5 p.m. Eastern and typically arrives the same day (business days only).

What is BOA Wire transfer fee

Bank of America (BOA) charges the following fees for wire transfers:

• Outgoing Domestic Wire Transfer: $30
• Outgoing International Wire Transfer (in U.S. dollars): $45
• Outgoing International Wire Transfer (in foreign currency): $0 (no fee)
• Incoming Domestic Wire Transfer: $15
• Incoming International Wire Transfer: $16

Read also; Type of Barclays bank Credit card and benefits

4.  Send money with Check

You can send money via checks through the mail are a straightforward alternative

• Obtain a Check:

  • You can get checks from your bank or credit union. Some may provide a few free checks when you open an account, while others may charge a fee for checkbooks.
  • Alternatively, you can order checks online from various providers.

• Fill Out the Check:

  •  Write the current date in the upper right corner.
  •  On the line that says “Pay to the order of,” write the name of the person or organization you’re paying.
  • In the box next to the dollar sign, write the amount of the check in numbers.
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  • On the line below “Pay to the order of,” write out the amount of the check in words.
  •  The memo line is optional, but you can use it to write a brief description of the payment (e.g., “Rent for September”).
  • Sign your name on the line at the bottom right corner of the check.

• Deliver the Check:

  • Mail: You can mail the check to the recipient. It’s advisable to use a secure method like certified mail if the amount is significant.
  •  You can also hand-deliver the check to the recipient in person.
  •  Some banks allow recipients to deposit checks using their mobile banking app by taking a picture of the front and back of the check.

• Follow Up:

  • Monitor your bank account to ensure the check has been cleared and the funds have been deducted.
  • Keep a copy of the filled-out check for your records

How to deposit checks with  BOA Mobile Banking app

To deposit checks using the Bank of America (BOA) Mobile Banking app, follow these steps:

1. Download and log in:

   • Ensure you have the latest version of the BOA Mobile Banking app installed on your smartphone or tablet.
   • Log in securely using your fingerprint, Face ID, or online ID and passcode.

2. Select “Deposit Checks”:

   • From the app’s home screen, locate and tap the “Deposit Checks” option.

3. Endorse and Prepare Your Check:

   • Sign the back of your check and write “For Mobile Deposit Only at Bank of America” below your signature.

4. Capture Images:

   • Position your check on a flat, well-lit surface.
   • Follow the app’s instructions to capture clear images of the front and back of the check. Ensure all four corners are visible in the frame.

5. Select Account and Enter Amount:

   • Choose the BOA account where you want to deposit the funds.
   • Carefully enter the check amount.

6. Review and Submit:

   • Review the deposit details to confirm accuracy.
   • Tap “Submit” to initiate the deposit.

7. Confirmation:

   • You’ll receive an on-screen confirmation message indicating that your deposit is being processed.
   • BOA will usually send you an email within seconds to confirm receipt of your deposit.

Bank of America Swift code

Bank of America uses different SWIFT codes depending on the type of banking services and the currency involved in the transaction. The address to provide is as follows:

BOFAUS3N (for incoming wires in US dollars or unknown currency)
Bank of America, NA
222 Broadway
New York, New York 10038

BOFAUS6S (for incoming payments in foreign currency)
Bank of America, NA
555 California St
San Francisco, CA 94104

How to Receive wire transfers on Bank of America