How Long Does It Take to Transfer Money Between Banks

You’ve just been paid, and you’re ready to transfer some money into your savings account. But how long does it take for the money to actually move from one bank to another? We did a little digging to find out.

If you’re wondering how long does it take to transfer money between banks then you have come to the right place. In this post, we will explain how long a bank transfer takes to finish along with some other important things.


How Quickly Can I Transfer Money Between Banks?

If you need to transfer money between banks, the process is usually pretty quick. In most cases, it takes about 3-5 business days for the funds to be available in the receiving account. However, there are a few factors that can affect the timing of your transfer. 

For example, if you’re transferring a large amount of money, it may take longer for the funds to clear. Similarly, if you’re transferring money from an international account, it may take a bit longer for the transaction to go through. 

In general, though, you can expect your transfer to be complete within a few days. So if you need to move money between banks, there’s no need to worry, the process is typically pretty easy and straightforward.

Factors Affecting Speed of Transfers:

It turns out that there are a few different factors that can affect the speed of a bank-to-bank transfer. First, it’s important to know the difference between an ACH transfer and a wire transfer.

ACH Transfers

ACH transfers are generally cheaper and take longer, while wire transfers are more expensive but happen almost immediately.

For ACH transfers, it usually takes one to three business days for the money to go through. That said, some banks have faster ACH transfer times, often called “quick payments.”

For example, Chase Bank’s quick payment system can move money within 45 minutes, while Wells Fargo says its ExpressSend service can complete most transactions within 24 hours.

Wire Transfers:

Wire transfers are typically processed much faster than ACH transfers, but they can still take up to a day or two. This is because banks have different cutoff times for processing wires.

For example, if you initiate a wire transfer at 4 p.m. on a Monday, your bank may not process it until Tuesday morning because 4 p.m. is after its daily cutoff time for wires. In this case, the earliest your recipient would get the funds would be Wednesday morning.

Of course, there are always exceptions to the rule. If you’re trying to move money between two large banks like Chase and Bank of America the transaction could take even longer due to each bank’s internal processing times.

Additionally, if you’re trying to send a wire transfer internationally, it could take several days for the transaction to go through due largely to time differences and holdups at foreign banks.

Other Factors:

Finally, it’s important to keep in mind that there are a few other factors that could affect the speed of your bank transfer.

For example, if you’re sending a wire transfer on a holiday or weekend, it’s possible that the transaction won’t be processed until the next business day. The same is true for ACH transfers.

Additionally, some banks may put a hold on your account if you’re sending a large sum of money. In these cases, it’s not uncommon for the transaction to take a few extra days to go through as the bank works to verify the funds.


So, how long does it usually take to transfer money between banks? It depends.

Wire transfers tend to happen more quickly than ACH transfers, but both types of transactions can take up to several days depending on the banks involved and other factors such as international transfers.

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