You may use the Service to transfer funds between your linked Bank of America accounts without a fee on either a one-time or recurring basis, including as a payment to a linked installment loan, credit card or mortgage. There are no receiving limits for Internal Transfers between your own accounts.

Do you get charged for bank transfers?

As a ballpark, the UK banks are charging around 3-4% of your transfer amount. Money transfer specialists can cost up to 60%-70% less.

How can I transfer money from Bank of America for free?

Zelle in the Bank of the America app is a fast, safe, and easy way to send and receive money with family and friends who have a bank account in the U.S., all with no fees. Money moves in minutes directly between accounts that are already enrolled with Zelle.