How to transfer money from Boa to chase

How to transfer money from Bank of America (Boa) to chase

Finance
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Bank of America also known as BOA is one of the biggest banks in the United States of America. After the bank known as JP Morgan Chase, it is the second-largest bank in America. As they have a lot of customers, they would have a lot of banking activities performed on their platforms daily. One of such daily transactions is transferring money from one bank to another. In the course of this article, we would go through a practical guide on how to transfer money from BOA to chase bank.

It is important to note that there are lots of ways to transfer money from BOA to chase bank. You can try out the option of cash deposit or use a wire transfer to move money from your BOA account to chase. Another interesting way to perform the much talked about transfer is with the use of direct deposit.

How to transfer money from Bank of America to Chase with the use of Direct Deposit

As stated earlier, direct deposit is a sure-fire way that a bank of America customer can transfer money from their account to Chase’s. It is a transfer procedure that is very much similar to that of wire transfer. The thing is that direct deposit costs less than wire transfer. To be able to use direct deposit to move money from BOA to chase, you would need routing and account numbers and also the name of Chase bank recipient.

Here are practical steps to initiate a direct deposit from your BOA account to chase;

  1. First off, you would need to download the direct deposit authorizations form also known as (DDA).
  2. Then, go on to fill the Form with the following required details-
  • The BOA bank mailing address
  • The bank routing number
  • Your BOA account number
  • Social security number
  • Your home address, your email address, and your name.
  • Then go ahead to confirm the amount that you want to send via direct deposit.
  1. Then provide the information of the chase bank recipient:
  • The full name of the chase bank recipient
  • The Chase routing number
  • The Chase account number
  • Email address of the chase bank recipient

How to transfer money from BOA to chase bank with Cash Deposit

This is the easiest way to transfer money from a BOA account to a Chase bank. In this procedure, the BOA customer would withdraw money from an ATM, or over the bank counter. Then go to a BOA bank outlet that is functional in the united states to make the cash deposit. Also worth noting, is that there are ATMs that can be used to make cash deposits in the United States of America.

When you complete the transfer of funds, the money would be immediately available in the Chase account.

How to use Wire transfer method to transfer Money from BOA to chase

It is important to note that both the bank of America and the chase bank allow the wire transfer amongst themselves. What it entails is that if you want to move money from a BOA account to your Chase account, it is very much obtainable.

All the same, you can use the wire transfer option to send large sum of money to an account at chase bank. It is important to note that this procedure usually takes three business days to be completed.

If you are planning to send the wire transfer then you’ll require these documents as well as information to complete the transaction.

  • A photo ID issued by the government.
  • Your full name
  • Contact details
  • Bank account number
  • Transit number
  • The full name of the chase bank recipient
  • Contact information for the recipient
  • The recipient’s bank account number
  • Transit number of the recipient
  • The recipient’s ABA routing number

It is important to note that the BOA wire transfer can be both done online and offline. To be able to conduct the offline wire transfer, then you would need to pay a visit to the closed BOA bank. In the BOA branch, you would need to bring all necessary documents.

However, should you decide to perform the online wire transfer then login into the Bank of America online bank account? From the options available you must select “Send Money” option. You must then give the information about the recipient as well as the amount you wish to transfer. After that, you need to click Send to complete the procedure.

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