Once the other account is verified (which can take one to two business days, so plan ahead, champ), you’re ready. Go back to the “Transfer” screen. Select From your Bank of America account. Select To the shiny new linked account.
Enter the amount you want to send. My rule of thumb: if it makes you wince a little, it’s probably the right amount for rent. For pizza money, just be generous. Don’t accidentally add an extra zero. I once transferred $500 instead of $50 to a friend. He bought a nice dinner and we’re still laughing about it. Barely.
Choose a transfer speed. You’ll see two options: Standard (free, takes 1-3 business days) and Wire (costs $30, moves instantly). Use the standard option unless you’re buying a car or escaping a spy thriller. A wire is like ordering express shipping for a toothbrush—nice, but unnecessary.
How to Transfer Money on Bank of America | 2026 - YouTube
The Waiting Game: Better Than Watching Paint Dry
After you hit “Submit,” the money leaves your Bank of America account immediately. It vanishes like a magic trick. You’ll see a “pending” transaction in your history. The other bank, however, is a slow eater. It chews on the transfer for a day or so before showing the funds.
This is the part where you should not check your phone every three minutes. I once refreshed the app seventeen times during a lunch break. My coworkers thought I was having a stroke. Patience is a virtue—especially when banking servers are involved.
If you need it faster, you can use Zelle, which Bank of America supports inside its app. Zelle is like a hot knife through butter. If both you and your friend have Zelle, the money flies over in minutes. It’s basically the “pass the gravy” of the digital banking world.
