What is a bank transfer?
A bank transfer is a transaction that moves money from one bank account to another. Bank transfers offer convenience since you don’t have to withdraw cash to move funds.
How to transfer money?
- Select the money tab to get started.
- Click on the Transfer icon.
- Select Transfer money from the options presented.
- Enter the dollar amount needed for this transfer.
Note: The “$0” will allow you to type in the transfer amount. - Select the To and From options to display the correct accounts used in making this transfer.
- Select Change timing to edit the transfer frequency.
- One-time transfers allow you to move a fixed amount of money once.
- Recurring transfers allow you to move a fixed amount of money between your bank accounts on a set schedule
- One-time transfers allow you to move a fixed amount of money once.
- Confirm the information you entered is correct then click Next
- Review and complete the transfer by clicking Transfer money
Note: Transfers made between your SoFi Money account and SoFi Vaults will be made available instantly.