Source: Bank of America
Bank of America customers now can transfer money instantaneously to millions of other Bank of America customers with a new feature the bank is introducing to its Online Banking service.
The free money transfer feature enables consumers to move money from their personal checking, savings, line of credit or credit card accounts to other Bank of America personal deposit account customers.
"We've been listening to our customers and the ability to transfer money to online customers within the Bank of America family is one of their top requests," said Sanjay Gupta, e-Commerce executive at Bank of America. "Parents with children in college will find this particularly useful, as will others who want a convenient way to send money to friends or family within our coast-to-coast network and have the money instantly available."
A leader in consumer banking, serving 33 million consumer relationships in 29 states and the District of Columbia, Bank of America is one of the first financial institutions to offer this capability. The service demonstrates the strength of the company's nationwide network and its power as one of the nation's leading retailers. For Bank of America customers, the transfer service offers unparalleled convenience coast-to-coast.