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Transfer of money from your account to someone else’s account can happen online or you may also use an app to transfer money to other people as well. For recipients of different banks, you need both the account number and the routing number. If the person or party receiving the money has an account with the Bank of America, you can send money with their checking account number. If their Zelle account is not connected to any bank account, they can still use the Zelle stand-alone app that links to debit cards. Once the recipient receives the money, they can then withdraw to their bank accounts. Zelle transfers reflect in the recipient’s account in minutes. The recipient must be registered with Zelle either using his or her phone number or an email address. This is an online transfer platform where you can transfer your money from your BofA account via Zelle to someone else with Zelle app. It has an app that works with many banks, the Bank of America being one of them. Zelle is a financial company specializing in money transfer. They make it possible for you to send money to your children in school, your family while you are far away, or any other relevant recipient. There are various ways you can transfer money from the Bank of America to another bank. How can I transfer money from the Bank of America to another bank?
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However, when sending money from The Bank of America or any other bank, you should know how to transfer money using the routing number and account number. It is easier and faster to send money to an account of the same bank as you will only need the account number of the recipient.
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When sending money, it is important to understand how the whole process goes. Imagine a world without the exchange of money! It could be difficult to survive. Furthermore, we as individuals send and receive money from friends and relatives as well as our employers. We have millions of businesses in the world that rely on money transfer for payments of goods sold or services rendered. The world we are living in today involves a lot of money transfer for various purposes. This article will entirely major on how to transfer money from the Bank of America to another bank. The Bank of America (BofA) was founded in 1998 in San Francisco through NationsBank’s acquisition of BankAmerica. The bank has central hubs in Dallas, New York City, London, Hong Kong, and Toronto. Its headquarters are in Charlotte, North Carolina. The Bank of America Corporation is an American multinational company bank offering financial services.