TIP: U.S Bank (USB) Checking Account Transfer/Send to External Financial Accounts (Instructions)

[TheFIGuy]

Hey myFICO Family,

Keyword Searches: USB, US Bank, U.S Bank, Checking, Checking Account, Transfers, Send Money

This might already be common watering hole knowledge, but I couldn't find anything via my expansive search here or Reddit. I could also be shi*** at searching, so I'm going to provide detailed instructions on how to send/transfer money to an external financial account from a U.S Bank (USB) checking account for FREE. I have also provided a "Keyword searches" section above in case someone in the future searches for something along the lines and struggles to find the right keyword terms.

For this method to work, you MUST be enrolled in bill pay, e-billing, or bill payments (the USB representative used all three names, so that I will include them all in this post). If you're unsure if you're enrolled, give US Bank (USB) a call and ask if you have successfully enrolled previously; if not, enroll.

*"Send Money" to an External Account Details Below:

1. Login to US Bank Account
2. Select "Send Money"
3. Select "Send to account" in the drop-down box
4. Input your Bank account name into the section named "Add someone new" and save
5. Select your Bank Account Name
6. Press Continue
7. Select your US Bank Checking Account you would like to Transfer/Send Money from
8. Inside the "Choose Account" section, select "Edit."
9. Select "Add a bank account."
10. Add your external checking account details: Routing and Account Number to link with the Bank Account Name
11. Select SAVE in the smaller window FIRST
12. Select save located at the bottom middle of the pop-up window
13. Select the Checking account if it's not already pre-selected 
14. Press continue
15. Choose how much you want to send
16. Press continue
17. READ the description of when the money will be debited from your US Bank account and sent to the external account
18. Select send
19. You're DONE, YAY!

*These instructions are accurate as of 11/12/2020 and are subject to change as US Bank (USB) changes their website interface!

This method:

• It is completely FREE and, from what the USB CSR told me, utilizes the bill payment network.
• Only works via the US Bank (USB) website interface as of 11/12/2020

Hopefully, this helps other US Bank Checking Account holders!

[Anonymous]

Could also pull from USBank from the external one, if the external is free (usually is)

[TheFIGuy]

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@Anonymous wrote:

Could also pull from USBank from the external one, if the external is free (usually is)

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Awesome comment!

Yes, that is correct, but some external financial accounts—(Charles Schwab) put a 4+/day hold on fund initiated from their financial institution. Also, I personally prefer the "ACH" push instead of pull.

[AllZero]

Thank you for sharing the information.

[Veronik2019]

Or just use Zelle and it deposits instantly?

[M_Smart007]

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@Veronik2019 wrote:

Or just use Zelle and it deposits instantly?

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As long as you are not trying to transfer $50K

[M_Smart007]

Thanks for posting OP .. as I had always just written a check from US Bank when necessary,

to deposit via phone APP to another institution.

or pulled from ...

I usually ACH deposit to US Bank (where I pay only my CC Bills from)

ACH is push from Chase, and it is done real time "immediately"

[Veronik2019]

Lol right right. I'm talking mouse money not lion money.

[VPExecutive]

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@Anonymous wrote:

Could also pull from USBank from the external one, if the external is free (usually is)

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Could also just not use U.S Bank and find a better institution that also provides free ACH transfers (like almost every bank).

[Anonymous]

So, @TheFIGuy , one alternative option is to transfer the funds from an investment account instead.  They charge $0 for outbound transfers from investment account... $3 from regular checking.  Doesn't make much sense, but that's Socks Bank for you.... They're still a little bit in the past.