Bank of America, very popular in the United States, has taken another step to offer its customers much more convenient options when making a transfer between accounts. The goal is for those transfers to be easy, fast, and just a click away, without complications or lengthy explanations.
Customers can make transfers between their own accounts —for example, between a checking account and a savings account— using Bank of America's mobile app or online banking.
Bank of America makes it easy for its customers: take note of this about transfers
It's also possible to schedule them from an ATM. This option allows both immediate transfers and those scheduled well in advance, even up to a year (one year), which is ideal for planning periodic payments or automatic savings.
The convenience is clear: with just one click, you can move money within the same institution. If you need to pay credit cards or loans with your checking account, you can also do it in a single step.
Steps to take to make a transfer with Transfer Money
The process is simple and consists of accessing the "Transfer Money" section in the Bank of America app or web platform. Choose the source and destination account, enter the amount, decide if the transfer is one-time or recurring, and finally, you must confirm the transaction. In just a few seconds, the money can be in the destination account, and if it's a scheduled transfer, it will be carried out automatically on the selected date.
It's worth noting that Erica, Bank of America's virtual assistant, already has more than 2 billion (2,000 million) interactions and helps 42 million (42 million) users. It's valid for scheduling transfers, checking balances, or learning about limits.
In addition, it offers quick and clear answers in less than 44 seconds for more than 98% of inquiries. For customers, this means more convenience and fewer calls to customer service.
Beyond transfers between accounts within the bank, Bank of America offers several useful options. In the app, you can use Zelle to send money to other individuals instantly and at no cost, as long as they're in the United States. You only need the recipient's email address or mobile number.
From online banking, you can link an account from another bank using the routing and account number. This allows you to make external (ACH) transfers, which are usually free, but may take one or several days. Finally, if you're near a Bank of America ATM, you can make transfers between your physical accounts as an offline alternative.