Have you ever needed to move money from your Truist account to your Wells Fargo account and found yourself wondering, "How exactly do I do that?" You're not alone! Transferring funds between different banks is a common necessity, whether it's for paying bills, consolidating funds, or sending money to family and friends. This comprehensive guide will walk you through the various methods available to transfer money from Truist to Wells Fargo, providing clear, step-by-step instructions to ensure a smooth and successful transaction.
Let's dive in and make sure your money gets where it needs to go!
Understanding Your Options: Methods for Transferring Funds
Before we get into the "how-to," it's essential to understand the different ways you can move money between Truist and Wells Fargo. Each method has its own advantages, processing times, and potential fees. The primary methods we'll cover are:
- ACH Transfers (Automated Clearing House): This is a common electronic network used for non-urgent, high-volume transactions. It's generally free or low-cost.
- Wire Transfers: These are typically used for urgent or high-value transfers, offering faster processing but often coming with higher fees.
- Linking External Accounts: Many banks allow you to link accounts from other institutions for easy transfers within their online banking platforms.
- Third-Party Payment Services (e.g., Zelle): For smaller, quick transfers, these services can be incredibly convenient.
Let's explore each method in detail!
 |
| How To Transfer Money From Truist To Wells Fargo |
Step 1: Gather Your Essential Information
Before you initiate any transfer, it's crucial to have all the necessary details readily available. Missing or incorrect information can lead to delays or even failed transfers.
Sub-heading: What You'll Need from Your Truist Account:
- Your Truist Account Number: This is the specific number for the account you'll be transferring money from.
- Your Truist Routing Number: This nine-digit number identifies Truist Bank. You can usually find it on your checks, within your online banking portal, or by contacting Truist customer service.
Sub-heading: What You'll Need from the Wells Fargo Recipient (or your own Wells Fargo account if it's yours):
- Wells Fargo Account Holder's Full Name: Ensure it matches the name on the Wells Fargo account exactly.
- Wells Fargo Account Number: This is the specific number for the account you'll be transferring money to.
- Wells Fargo Routing Number: This nine-digit number identifies Wells Fargo Bank. Just like with Truist, you can find it on checks, in online banking, or by contacting Wells Fargo customer service.
- Wells Fargo Account Type: Is it a checking or savings account? This is often required for transfers.
- Recipient's Address (for Wire Transfers): For wire transfers, you might need the full street address of the recipient, not just the city and state.
Step 2: Choosing Your Transfer Method
Now that you have your information, let's decide on the best way to send your money.
Sub-heading: Option 1: ACH Transfer (Recommended for most everyday transfers)
ACH transfers are a popular choice for their convenience and typically lower costs. They're great for non-urgent transfers like paying a recurring bill or sending money to family.
Tip: Read at your own pace, not too fast.
- Pros: Usually free or low-cost, easy to set up, secure.
- Cons: Can take 1-3 business days to process.
- Ideal for: Regular payments, transferring savings, non-time-sensitive transactions.
Step 2.1: Initiating an ACH Transfer from Truist Online Banking
- Log In to Truist Online Banking: Go to the Truist website and sign in to your online banking account.
- Navigate to Transfers: Look for a section or tab labeled "Transfers," "Payments," or "Move Money."
- Add External Account (if not already added):
- You'll likely see an option to "Add External Account" or "Add Non-Truist Account."
- You'll need to input the Wells Fargo routing number and account number.
- Verification Process: Truist will typically send small "test" deposits (usually a few cents) to the Wells Fargo account. This can take 1-3 business days. Once these deposits appear in the Wells Fargo account, you'll need to go back to Truist Online Banking and verify the amounts to confirm the account linkage. This is a crucial security step.
- Initiate the Transfer: Once the Wells Fargo account is linked and verified, you can select it as the "To" account and your Truist account as the "From" account.
- Enter Details: Input the amount you wish to transfer and the desired transfer date. You might also have an option to add a memo or description.
- Review and Confirm: Carefully review all the transfer details – the amount, recipient's account, and date. Double-check everything!
- Submit: Confirm the transfer. You'll usually receive a confirmation message or email.
Step 2.2: Initiating an ACH Transfer from Wells Fargo Online Banking (Pulling Funds)
Alternatively, you might be able to "pull" funds from your Truist account into your Wells Fargo account directly from Wells Fargo's online banking.
- Log In to Wells Fargo Online Banking: Go to the Wells Fargo website and sign in.
- Navigate to Transfers: Find the "Transfers" or "Move Money" section.
- Add External Account (if not already added):
- Look for an option to "Add External Account" or "Add Non-Wells Fargo Accounts."
- You'll be prompted to enter your Truist routing number and account number.
- Verification Process: Similar to Truist, Wells Fargo will send small "test" deposits to your Truist account for verification. You'll need to confirm these amounts within your Wells Fargo online banking to complete the linkage.
- Initiate the Transfer: Once linked, select your Truist account as the "From" account and your Wells Fargo account as the "To" account.
- Enter Details: Specify the amount and the transfer date.
- Review and Confirm: Verify all details carefully.
- Submit: Complete the transfer.
Sub-heading: Option 2: Wire Transfer (For urgent or large sums)
Wire transfers are generally faster but come with a higher fee. They are often used for significant transactions like real estate closings or international transfers.
- Pros: Fastest transfer method (often same-day if initiated before cut-off times).
- Cons: Higher fees (Truist domestic outgoing wire transfer fee is typically $30, Wells Fargo outgoing domestic digital wire is $25, and in-branch is $40), irreversible once sent.
- Ideal for: Time-sensitive payments, large one-time transfers.
Step 2.3: How to Send a Wire Transfer from Truist
- Online/Mobile Banking (if enabled): Truist offers online wire transfer services for eligible accounts. You may need to enroll in wire services first.
- Log in to Truist Online Banking.
- Go to "Transfer & Pay" and select "Send a wire transfer."
- You may need to "Manage recipients" first and add the Wells Fargo recipient's details (name, account number, correct wire routing number – this might be different from the ACH routing number, and full address).
- Select the recipient, enter the amount, and follow the on-screen prompts for authorization (often involving a security code to your registered phone).
- Truist has a domestic wire transfer limit of $500,000 rolling 3 business day maximum via online banking.
- In-Branch:
- Schedule an appointment with a Truist representative. This is often recommended to ensure dedicated assistance.
- Bring your government-issued ID, your Truist account details, and all the Wells Fargo recipient's information (full name, account number, correct wire routing number, and address).
- Fill out the wire transfer form carefully.
- The bank representative will assist you in completing the transfer and verifying all details.
- By Phone (Corporate Call/Retail PIN service for eligible accounts): Some Truist business and consumer accounts may be able to initiate wires by phone, but this often requires prior enrollment. Check with Truist for details on their "Corporate Call" or "Retail PIN" services.
Sub-heading: Option 3: Third-Party Payment Services (e.g., Zelle)
For smaller, immediate transfers, Zelle is an excellent option as it integrates directly with many banking apps, including Truist and Wells Fargo.
Tip: Skim once, study twice.
- Pros: Instant transfers, usually no fees for personal use, easy to use with just an email or phone number.
- Cons: Daily and monthly transfer limits (Truist's Zelle daily limit is typically $2,000, and monthly is $10,000; Wells Fargo's Zelle daily limit is typically $3,500, and monthly is $20,000). Not suitable for large sums.
- Ideal for: Sending money to friends/family, splitting bills, small immediate payments.
Step 2.4: How to Use Zelle
- Enroll in Zelle: If you haven't already, enroll in Zelle through your Truist or Wells Fargo mobile banking app. You'll typically link your checking account to your email address or U.S. mobile phone number. The recipient also needs to be enrolled.
- Initiate the Transfer:
- Open your Truist mobile banking app.
- Look for the Zelle option (usually under "Transfers" or "Send Money").
- Select "Send" and choose the recipient from your contacts or enter their enrolled email address or U.S. mobile number.
- Enter the amount.
- Review and Send: Double-check the recipient's information and the amount before sending. Transfers via Zelle are generally irreversible.
Step 3: Confirming and Tracking Your Transfer
Once you've initiated the transfer, you'll want to confirm its status.
Sub-heading: Checking Transfer Status
- Online Banking/Mobile App: Both Truist and Wells Fargo online banking portals usually have a "Transaction History" or "Transfer Activity" section where you can view the status of your recent transfers.
- Confirmation Emails/Messages: You'll typically receive an email or a notification within your banking app confirming the initiation of the transfer and, later, its completion.
Sub-heading: What to Do if There's a Delay
While most transfers go smoothly, sometimes delays occur. Common reasons include:
 |
- Bank Holidays/Weekends: Transfers only process on business days.
- Cut-off Times: If a transfer is initiated after the bank's daily cut-off time, it will be processed on the next business day. Truist's domestic wire transfer cut-off time is 6 PM ET on business days. Wells Fargo's domestic wire transfer cut-off time is 3 PM PST.
- Verification Issues: If external account linking required verification, and it wasn't completed, the transfer won't go through.
- Incorrect Information: Even a single incorrect digit in an account or routing number can cause a transfer to fail or be delayed.
- Fraud Prevention Measures: For large or unusual transactions, banks may hold funds for additional security checks.
If you experience a delay, first check your online banking for any messages or alerts. If the issue isn't clear, contact the customer service of the sending bank (Truist in this case).
Step 4: Fees and Limits
It's important to be aware of any fees and limits associated with your chosen transfer method.
Sub-heading: Truist Transfer Fees
- ACH Transfers: Generally free for standard transfers.
- Outgoing Domestic Wire Transfer: Typically $30.
- Outgoing International Wire Transfer: Typically $65.
Sub-heading: Wells Fargo Transfer Fees (for incoming wires)
- Incoming Domestic Wire: Consumer accounts are typically free; Business accounts usually incur a $15 fee.
- Incoming International Wire: Consumer accounts are typically free; Business accounts usually incur a $15 fee.
Sub-heading: Transfer Limits
- Truist ACH Transfer Limits: While specific limits can vary by account type and customer relationship, typical daily ACH limits for Truist are around $2,000, with monthly limits around $10,000.
- Truist Wire Transfer Limits: For outgoing wire transfers through online banking, Truist has a limit of $500,000 on a rolling 3-business day maximum.
- Wells Fargo Zelle Limits: Typically a daily limit of $3,500 and a monthly limit of $20,000. These can vary based on account and relationship.
For large transfers exceeding standard online limits, you might need to visit a branch or contact customer service to arrange the transfer.
Tip: Read once for flow, once for detail.
Step 5: Important Security Considerations
Transferring money always involves security risks. Here are some tips to protect yourself:
- Verify Information: Always, always double-check all account numbers, routing numbers, and recipient names. A small error can send your money to the wrong person, and it can be difficult, if not impossible, to retrieve.
- Use Secure Connections: Only perform transfers on secure Wi-Fi networks and trusted devices. Avoid public Wi-Fi for banking transactions.
- Beware of Scams: Be extremely cautious of unsolicited requests for money transfers. Never share your banking login credentials or personal information with anyone.
- Monitor Your Accounts: Regularly check your Truist and Wells Fargo accounts for unauthorized transactions.
Frequently Asked Questions (FAQs)
Here are 10 common questions related to transferring money from Truist to Wells Fargo, with quick answers:
How to find my Truist routing number?
You can typically find your Truist routing number on the bottom left of your checks, by logging into your Truist online banking or mobile app, or by contacting Truist customer service.
How to find my Wells Fargo routing number?
Your Wells Fargo routing number can be found on your checks, within your Wells Fargo online banking or mobile app, or by calling Wells Fargo customer service. Note that the routing number for wires might be different from the ACH routing number.
How to link my Truist account to Wells Fargo for transfers?
Log in to your Wells Fargo online banking, navigate to "Transfers" or "Move Money," and look for an option to "Add Non-Wells Fargo Accounts." You'll need your Truist account and routing numbers, and Wells Fargo will send small test deposits for verification.
How to link my Wells Fargo account to Truist for transfers?
Log in to your Truist online banking, go to "Transfer & Pay," and select "Add non-Truist account." You'll need your Wells Fargo account and routing numbers, and Truist will send small test deposits for verification.
Tip: Take a sip of water, then continue fresh.
How to send a wire transfer from Truist to Wells Fargo?
You can send a wire transfer through Truist's online banking (if enrolled in wire services), by visiting a Truist branch, or potentially by phone for eligible accounts. You'll need the Wells Fargo recipient's full name, account number, wire routing number, and address.
How to use Zelle to transfer money from Truist to Wells Fargo?
Both you and the recipient need to be enrolled in Zelle through your respective banking apps. In your Truist app, go to Zelle, select "Send," enter the recipient's enrolled email or U.S. mobile number, and the amount.
How to check the status of a transfer from Truist to Wells Fargo?
You can usually check the status in the "Transaction History" or "Transfer Activity" section of your Truist online banking or mobile app. You may also receive email confirmations.
How to cancel a transfer from Truist to Wells Fargo?
ACH transfers can sometimes be canceled if they are still pending, usually within a short window after initiation. Wire transfers are generally irreversible once sent. For specific instructions, contact Truist customer service immediately if you need to cancel a transfer.
How to avoid fees when transferring money?
Using ACH transfers for standard transfers is usually the best way to avoid fees, as they are often free. Zelle is also typically free for personal use. Wire transfers almost always incur a fee.
How to troubleshoot a delayed or failed transfer?
First, check your online banking for any alerts or messages. Verify that all recipient details are correct. If the issue persists, contact Truist customer service for assistance, providing them with all transaction details. Common causes include incorrect information, bank holidays, or exceeding transfer limits.
 |
