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Written by Ryan Scribner on February 5, 2024
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How To Transfer Money From Wells Fargo To Bank Of America 2024

Bank of America and Wells Fargo are two of the largest banks in the United States.

However, figuring out how to transfer money between these banks can be frustrating, even in today's digital age.

But don't fret! In this article, we're going to show you all the steps required to transfer money from Wells Fargo to Bank of America.

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

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Here's what you need to know:

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  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

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1. Log In to Bank of America Site

In order to send money from Wells Fargo Bank to BofA, you'll need to have an active Savings or Checking account with both.

The first step will be logging in to the Bank of America website with your credentials.

2. Link New External Account

In order to transfer money, you'll need to link your external Wells Fargo Bank account to your Bank of America account.

Here's how to do this:

  1. Look for the 'Pay & Transfer' tab and click on it.
  2. From here, click on 'Wire/ACH.'
  3. Next, click on 'Add Account/Recipient.'

At this point, you'll fill out a digital form where you provide information about your Wells Fargo account you're looking to link.

3. Initiate Transfer

Once your WF Bank account is successfully linked, you can initiate a one time or recurring transfer from this newly linked external bank account to your Bank of America account.

The good news is, you'll only need to link your account once. From there, you'll be able to initiate transfers whenever you wish.

Article written by Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money.

Read more

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Get 1 Free Stock Worth Up To $200 From Robinhood!

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Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

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