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How To Transfer From Bank Of America To JP Morgan Chase

Bank of America and JP Morgan Chase are two of the largest banks in the United States who offer a variety of quality online banking services to their customers.

Both of these banks' online platforms provide convenient ways to access your accounts, check balances, transfer money, and pay bills from anywhere and at any time - all crucial tools for everyday modern life.

However, figuring out how to transfer money between these banks can be frustrating, even on the newest apps! All the options, features, and menus can get in the way of navigating any new app or online banking experience.

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

How To Transfer From Bank Of America To JP Morgan Chase

There are two main methods you can transfer money between banks like this; the ACH method, and the wire transfer method.

With the ACH method, you can transfer your money for free between banks, and the transfer takes around 2-3 business days. With the wire transfer method, you can pay fees to both banks to access your money from the second bank on the same day.

We'll go over the ACH transfer method first, and then we'll explain the wire transfer method.

Pay close attention, as there are some curveballs when transferring between these two banks we'll have to navigate around!

The ACH Method

By using this method, you'll be able to avoid all fees associated with the transfer, though it takes around 2-3 business days to fully process.

Usually with ACH transfers, it's more straightforward to initiate the transfer inside of the bank account that's sending the money.

However, at the time of writing, Bank of America charges a $3 standard-time delivery fee (read; regular) outgoing ACH transfers.

But we're showing you the entirely legal cheat codes today!

By initiating this transfer inside of your Chase account instead, we can waive that fee, and enjoy a 100% free ACH transfer.

For this transfer, you’re going to need to have your Bank of America account and routing numbers. 

You can find this information by following these quick steps:

  1. Log into your Bank of America account online
  2. Select your account under the Accounts Overview page
  3. Open your Information & Services tab to display your account information, including your ABA routing and account number.

Now we can initiate your ACH transfer inside of your Chase account to avoid all BoA fees:

  1. Log in to your JP Morgan Chase online banking account.
  2. Navigate to the "Pay & Transfer" section of the website or mobile app, and select "Transfer Money".
  3. Beneath the "Transfer From" field, click on "Add An External Checking Or Savings Account".
  4. Enter the account number and routing number for your Bank of America account.
  5. Once the Bank of America account is added, select it as the depositing account for your transfer.
  6. Then select
  7. Enter the amount you want to transfer and choose the date you want the transfer to occur.
  8. Review the transaction details, including the fees associated with the transfer, if any.
  9. Confirm the transfer and wait for it to process. Typically, ACH transfers take 2-3 business days to complete.

Some Tips For ACH Transfers

Make sure that you have enough funds in your Bank of America account to cover the transfer amount, as insufficient funds can result in overdraft fees and delayed or rejected transfers.

Make sure you enter the correct routing and account numbers, as incorrect information can result in the transfer being rejected or delayed. Be aware that ACH transfers are subject to fraud and scams, so be cautious when sending ACH transfers to unknown recipients.

If you have any questions or concerns about the ACH transfer process, contact Bank of America's customer service for assistance.

Wire Transfer Method

By using the wire transfer method, you can access your money through JP Morgan Chase on the same day you transfer it from your Bank of America account.

For this method, you'll need to have your JP Morgan Chase bank account and routing numbers.

Here's how to find those:

  1. Visit the JP Morgan Chase (Chase) website or mobile app.
  2. Click on "Account Services" on the homepage.
  3. Under "Account Information", click on "Routing/Account Number".
  4. Your JP Morgan Chase routing number will be displayed on the following page.

Now, follow these steps to enact your wire transfer:

  1. Log in to your Bank of America online banking account.
  2. Navigate to the "Transfer Money" section of the website or mobile app.
  3. Select "Wire Transfer" and then click on "Add a new wire recipient".
  4. Enter the routing number and account number for your JP Morgan Chase account, along with the account holder's name and address.
  5. Once the account is added, select it as the recipient for your wire transfer.
  6. Enter the amount you want to transfer and choose the date you want the transfer to occur.
  7. Review the transaction details, including any fees associated with the wire transfer.
  8. Confirm the wire transfer and wait for it to process. Typically, wire transfers are completed on the same day or within one business day.

Some Tips for Wire Transfers

Wire transfers often come with higher fees than other transfer methods, so be sure to review Bank of America's fee schedule before initiating a wire transfer.

Wire transfers are also subject to the same constraints any ACH transfer would - make sure you have enough money for your transfer, and that the bank account and routing numbers are all entered correctly.

Be especially certain you know where you're sending your wire-transferred funds to, as they are irreversible, and are often used by scammers and online criminals who want to take your money.

If you have any questions or concerns about the wire transfer process, contact Bank of America's customer service for assistance.

ACH Or Wire Transfer: What's Best For Me?

Usually, ACH transfers will be the superior option, as they're free to use!

Unless you're in some kind of emergency, most situations will allow you to pay from your Bank of America account instead of needing to move money over first.

Even then, if you are in an emergency, be extra careful to not get taken advantage of by someone who demands to be paid the day of via a wire transfer. Scammers often rely on a false sense of urgency to get people to make split-second decisions without having all the information on hand.

In any case, always double-check to verify that you're sending your money to the correct place, be it between your own bank accounts, or when transferring to others. If the information you entered isn't correct, then the transferred money cannot be returned.

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Article written by Drew Cochran

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