Transferring money to someone else s bank account. If you use online banking then look for an option that says external accounts or add an account.
You might find those options or something similar in your bank s customer service or transfers menu.
How to transfer money into another person s bank account. With bank drafts the sender pays for the transfer up front and the funds are withdrawn from the bank s account making it a much more secure way to send money. Sign in to your account select the bank to bank transfer option and enter the routing number of the other bank. Depending on when you send it the funds will arrive at the other bank on the same day or within one business day.
You can easily transfer money into a friend s or relative s account through a service such as venmo paypal or square cash. You must link the accounts. Provide the other bank s routing number and your account number at that bank.
You also typically have the option to transfer money by writing a check and depositing the money into the other bank account. Get the recipient bank s routing number and account number which you can find on a check. While it s easy to send an international bank draft there s almost always a fee and it can take weeks to complete the transaction.
Zelle is also a good option to move. Log in to the account you plan to send money from and look for an option to add an account add external accounts or link accounts. Your bank will verify the other bank s information after which you can set up a one time transfer or schedule recurring transfers.
Simply fill out a check paid to the order of the other person or cash either you or your intended recipient will then need to deposit the check into their bank account. You may have already guessed that another common way to transfer money is simply by check which can you can deliver in person or send in the mail. Wire transfers if you re transferring money to someone else s account and you want to do it quickly a wire transfer is probably the best option.
These bank transfers can usually be done online or you have the option to go to a branch and request the transfer in person. Make an electronic transfer. Bank to bank transfers move funds electronically between accounts at different banks.
You can set up a credit transfer online over the phone or in person at the bank with the money you want to send. A wire transfer is an electronic transfer of money.