External transfer fee?

[xenon3030]

Is there any fee for external transfers e.g. using Chase or Citi to other banks like Discover (possible fees from either the origin bank or the destination bank)?

[SouthJamaica]

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@xenon3030wrote:

Is there any fee for external transfers e.g. using Chase or Citi to other banks like Discover (possible fees from either the origin bank or the destination bank)?

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Almost never.  I once did see a small credit union trying to charge for it, but they dropped the policy almost immediately.

[DaveInAZ]

If they do they should tell you before doing the transfer. As I remember BoA wanted to charge me a fee. But Discover never charges a fee. So to be safe, do it the other way - link the external accounts in Discover and then do an ACH pull from them into Discover.

[CreditCuriosity]

Us Bank charges a stupid 3 fee at least with gold checking how out-of-date are they.  

[xenon3030]

If I remember correctly, BA charged 20-30$ for an external transfer and without prior notification, around 2-3 years ago.

[Anonymous]

There are 2 types of transfers, ACH (2-4 days) or wire transfer (instant). Most banks do not charge ACH fees but not all, out of my army of deposit accounts, only TD bank and DCU charges a fee if the ACH is initiated by them. On the hand, most banks do charge for wire transfer but some banks will waive the fee for incomings.

[xenon3030]

That one with a high probability was an ACH transfer. Maybe they dropped the fee recently.

[Anonymous]

state dept FCU also charges depending on how soon you want to transfer money. If its instantaneous ( call it wire transfer if you like) or 3-4 days the amount of fee varies but its not ever zero.

thats state dept fcu.