Bank of America's standard transfer limit for sending or receiving money domestically is $1,000 per transaction for the company's consumer deposit accounts. Some Bank of America customers may be eligible for a higher transfer limit if they agree to use two-factor authentication to secure their transfers.
Bank of America allows customers to secure a transfer by receiving a one-time passcode or using a USB security key. The key plugs into a computer’s USB port and functions as an extra layer of protection.
Bank of America Transfer Limits for Sending Funds
| Type of Transfer | Limit per Transaction | Fee per Transaction |
| Three Business Day ACH | $1,000 | $0 |
| Next Business Day ACH | $1,000 | $0 |
| Same Business Day Wire Transfer | $1,000 | $30 |
| International Wire Transfer | $1,000 | $45 |
Source: Bank of America
Bank of America Transfer Limits for Receiving Funds
| Type of Transfer | Limit per Transaction | Fee per Transaction |
| Three Business Day ACH | $1,000 | $0 |
| Next Business Day ACH | $1,000 | $0 |
| Same Business Day Wire Transfer | Not Available | Not Available |
| International Wire Transfer | Unlimited | $0 |
Source: Bank of America
Whether you’re sending or receiving money via a Three Business Day or Next Business Day transfer, the limit is $1,000. Same Business Day Wire Transfers and International Wire Transfers also have a $1,000 limit when you send funds to another account. Same Business Day Wire Transfers are not available for receiving money, and there are no limits on receiving money from an international account.
Bank of America also allows you to transfer money immediately without fees through Zelle, which has its own transfer limits.
Bank of America Zelle Transfer Limits
| Time Period | Total Dollar Amount | Total Transfers |
| 24 hours | $3,500 | 10 |
| 7 days | $10,000 | 30 |
| 30 days | $20,000 | 60 |
Source: Bank of America
You can also use bill pay to transfer up to $99,999.99 within the U.S., per transaction. Note, the person or entity that receives the payment may limit the amount of money you can transfer at once.
Transfer limits between a customer’s own Bank of America accounts are much higher. For example, customers can transfer up to $9,999,999.99 from one Bank of America checking or savings account to another Bank of America checking or savings account, investment account, or loan account.
Limits for Transfers Between a Customer’s Bank of America Accounts
| Transfer From | Transfer To | Dollar Limit |
| Checking or Savings Account | Checking or Savings Account | $9,999,999.99 |
| Checking or Savings Account | Investment Account | $9,999,999.99 |
| Checking or Savings Account | Loan Account | $9,999,999.99 |
| Investment Account | Checking, Savings, or Loan Account | $100,000 per day $250,000 per week |
Limits for Transfers to Another Person's Bank of America Account
If you’re transferring money from your Bank of America checking or savings account to another person’s Bank of America checking or savings account, the limit is $3,500 within 24 hours and $10,000 per week.
Key Information About Bank of America Transfers
- In addition to a per-transaction limit, your account may be subject to daily and monthly limits.
- You may be eligible for higher transfer limits if you add additional security measures to your account, which include receiving a one-time passcode on your mobile device or registering a USB security key.
- For domestic transfers, the funds are debited from your account the same business day you initiate an outbound transaction. You can choose to have the money credited to the recipient’s account on the same business day, the next business day, or the third business day.
- International outbound transfers are also debited from your Bank of America account on the same business day you initiate the transaction. The funds are usually credited to the recipient’s bank account within two business days.
If you’re interested in opening an account, you can compare Bank of America checking and savings accounts right here on WalletHub.
This answer was first published on 08/30/23 and it was last updated on 08/30/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
