If you need to transfer money from Capital One to another bank, it’s actually a very easy process. In just a few minutes, you can have the money transferred and be on your way.
In this post, we’ll walk you through the easiest methods so that you can get your money where it needs to go as quickly and easily as possible.
4 Ways to Transfer Money from Capital One to Another Bank
Direct Transfer:
Before you send money to someone via Capital One, we recommend determining whether they own a Capital One account or not. If yes, then, fortunately, you can initiate a direct transfer of funds from your Capital One account to someone else’s.
For the direct transfer, all you need is to get the account number of the relevant person, and then you can follow the below-mentioned guide for the fund’s transfer process. Let’s take a look:
- First of all, log in to your Capital One account online.
- After logging into your account, click on the Add an Account option, then proceed by clicking on Link Accounts. From there click on Add External Accounts.
- After that, you will be prompted to the next page where you will have to enter the details of the receiver’s bank account including the routing and account number.
- Double-check the details and then follow the on-screen instructions to initiate a funds transfer.
By Using Zelle:
Sending money to friends and family has never been easier, thanks to the advent of digital payment platforms like Zelle.
Rather than having to fumble around with cash or checks, you can simply log into your Capital One account and send money with Zelle. All you need is the phone number of the recipient, as all Zelle users are registered by their phone number.
Best of all, funds are transferred almost instantaneously, so you can rest assured that your loved ones will receive the money right away. With Zelle, sending money is simple, convenient, and fast, perfect for those last-minute birthday gifts or unexpected emergencies.
ACH Transfers:
When you need to transfer money to another bank, there are two different options available to you: wire transfer or ACH transfer. Wire transfers are the faster option, with funds typically arriving within 24 hours.
However, they require you to have all the necessary account information on hand, including the recipient’s account number and routing number. ACH transfers take longer, usually a few days but you don’t need to have as much information about the other account.
Instead, the funds are transferred through the Automated Clearing House, which is a network that all banks belong to. If you’re not in a hurry, an ACH transfer is a convenient option. But if you need to get money to another bank quickly, a wire transfer is the way to go.
By Using Other Payment Transfer Apps:
When it comes to transferring money, there are a number of different options to choose from. In addition to Zelle, you can also use apps like Payoneer, PayPal, and Venmo.
Each of these apps has its own unique features and benefits. For example, Payoneer offers a prepaid debit card that can be used to make purchases or withdraw cash from ATMs.
PayPal allows you to send money to friends and family with just a few clicks. Venmo offers instant transfers between bank accounts. No matter which app you choose, you’ll be able to quickly and easily transfer funds from your Capital One account to another person’s account.
