# Best way to transfer money to another person's account

**URL:** <https://boards.straightdope.com/t/best-way-to-transfer-money-to-another-persons-account/752126>\
**Category:** Factual Questions\
**Created:** [April 13, 2016, 9:44pm UTC](https://boards.straightdope.com/t/best-way-to-transfer-money-to-another-persons-account/752126 "2016-04-13T21:44:57Z")\
**Posts on this page:** 1\
**Page:** 2

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**Author:** ![actualliberalnotoneofthose](https://avatars.discourse-cdn.com/v4/letter/a/e79b87/32.png) [@actualliberalnotoneofthose](https://boards.straightdope.com/u/actualliberalnotoneofthose)\
**Post date:** [April 15, 2016, 6:05am UTC](https://boards.straightdope.com/t/best-way-to-transfer-money-to-another-persons-account/752126/21 "2016-04-15T06:05:16Z")

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> [@Dag\_Otto](#):
>
> Don’t pay $3 for an ACH transfer. Most banks will do this for free. Although I have a BofA account that would love to charge me $3, if the other bank initiates the transfer they charge nothing. I transfer funds occasionally from my BofA account to my Ally account, but I do it from the Ally website.
> 
> If BofA ever changes that and try to charge me $3 anyway, that will be the final straw for me.

That only works for your own accounts. And if one has permission to pull from another. For example, I can pay people from my BofA to any of their accounts, but I’m sure not going to setup 2 way verification so they can pay themselves at will.

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