Transfer Money | Ways to Move Your Money | Fidelity (2024)

FAQs

How can I transfer my money to another account? ›

You can move money from one bank to your other one online in a few steps: Log into your bank's website or connect via the bank's app. Click on the transfer feature and choose transfer to another bank. Enter the routing and account numbers for the account at the other bank.

Wire transfers at a bank are ideal for securely sending large amounts domestically or internationally. Money transfer scams often include unusual requests to send money to strangers.

Wire transfers

For example, you may need to complete a wire transfer to put a down payment on a house. Wire transfers are fast: When a loved one needs cash fast or you need to complete a transaction quickly, a domestic wire transfer can move the money within hours or even minutes.

Use a money-transfer app. Consider a bank-to-bank transfer. Set up a wire transfer. Request your bank send a check.

You can send money without a fee by using P2P payment apps such as Cash App, Google Pay, PayPal, Venmo and Zelle. Note that you may have to pay a fee if you fund your transfer with a credit card, and the recipient may have to pay a fee if they choose to receive the money instantly in their bank account or debit card.

How do you send money to yourself? ›

If money is sent and the recipient isn't enrolled with Zelle, they'll get a notice with instructions on how to register. If you sent funds to their mobile phone number, they'll get a text message.

Financial institutions must file a Currency Transaction Report (CTR) for any transaction over $10,000. The CTR includes information about the person initiating the transaction, the recipient, and the nature of the transaction.

You can send large sums of money from one bank account to another with a wire transfer. These types of transfers are initiated through a bank officer at the delivering bank who fills out the necessary forms.

If you're sending money to another person's account, you'll need to know their name, account number and routing number. If you're using mobile payment apps, you might just need the person's username or email address to send funds.

Can you send money with a routing and account number? Yes. Routing and account numbers are important in the process of sending payments in the US. A routing number is used so the sending bank knows which financial institution the recipient's account is held by, and the account number is unique to that account.

Yes, you can send money to yourself at almost any bank in the U.S. where you have a bank account using your email address or U.S. mobile number. Note that a U.S. mobile phone number or email address can only be enrolled and active with one financial institution at a time.