Title: How to Transfer Money Between Banks Online | Pocketsense
Headings: How to Transfer Money Between Banks Online
How to Transfer Money Between Banks Online
Gather Required Information
Sign into Your Bank's Online Banking Site
Tips
Choose the Correct Transfer Service
Provide Required Information and Details
Warnings
Check for Fees and Complete the Transfer
Tips

Content: How to Transfer Money Between Banks Online | Pocketsense
How to Transfer Money Between Banks Online
By: Catherine Armstrong
Updated July 27, 2017
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Online banking has changed the way people pay bills and move money from one bank to another. In the past, if you wanted to transfer money from your account to another account at a different institution, you typically wrote and mailed a check. Now you can complete those transactions in just a few minutes online. Transactions typically take from 1 to 3 days to complete. Gather Required Information
To transfer money from one bank to another, you'll need the following information: An online banking account with your bank
The name of the recipient
The bank routing number for the receiving institution AND
The bank account number of the recipient OR
The mobile phone number of the recipient OR
The email address of the recipient
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The fastest way to make a transfer to another person's bank account is by using the recipient's banking information, including the routing number of the financial institution and the individual's account number. However, if she does not want to share that information with you, your bank may be able to transfer funds using the recipient's mobile phone number or email. In this case, the recipient will receive a text message or email from your bank, alerting him that you've initiated a transfer. She then will follow the instructions to direct the money into her bank account.