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How to transfer money from one checking account to another checking account

Updated July 20, 2017

Moving money between current accounts is a simple procedure. You can even transfer money to an account at another bank. With online banking, you don't even have to go to the bank to complete this task. Simply follow the directions below, and you can transfer cash wherever you'd like--and why not? It is your money, right? Most banks do not charge for same-bank transfers, but you might have to pay a nominal fee for transferring money to an outside account.

Log in to your online current account.

Select the "Payments and Transfers" tab at the top of your account homescreen.

Click the "Account Transfers" tab in the middle of the "Payments and Transfers" menu screen.

Choose the link "Add External Account" to add the account you wish to transfer money to.

Read through and accept the "Terms of Agreement".

Enter the Routing number and Account number for the account you wish to transfer funds to.

Enter the bank name for the external account, and choose an account nickname for the external account. After this information is complete, choose the "Next" button and this account will be verified and accepted.

Select the "Schedule a Transfer" option. Here you must select your account from the drop-down menu labelled "From Account" and choose the external account from the drop-down menu labelled "To Account."

Check the appropriate circle that states whether you want this to be a one-time or repeating transfer.

Choose the amount you want transferred and click "Next" to confirm the transfer.

Things You'll Need

  • Computer
  • Internet
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About the Author

Based in Chicago, Aaron Gingold has been writing and editing for five years. He has been featured in "The Post Independent Journal," and edits for Bleacherreport.com. Gingold holds a Bachelor of Arts in history from Depaul University.