# transferring funds between two banks

**URL:** <https://boards.straightdope.com/t/transferring-funds-between-two-banks/226091>\
**Category:** Factual Questions\
**Created:** [January 26, 2004, 3:31am UTC](https://boards.straightdope.com/t/transferring-funds-between-two-banks/226091 "2004-01-26T03:31:16Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Headcoat](https://avatars.discourse-cdn.com/v4/letter/h/6bbea6/32.png) [@Headcoat](https://boards.straightdope.com/u/Headcoat)\
**Post date:** [January 26, 2004, 3:31am UTC](https://boards.straightdope.com/t/transferring-funds-between-two-banks/226091/1 "2004-01-26T03:31:16Z")

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How long would it take if I asked for a money transfer from my account (Fleet Bank) to someone else’s (Wachovia) in separate states?

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**Author:** ![Q.E.D](https://avatars.discourse-cdn.com/v4/letter/q/51bf81/32.png) [@Q.E.D](https://boards.straightdope.com/u/Q.E.D)\
**Post date:** [January 26, 2004, 3:38am UTC](https://boards.straightdope.com/t/transferring-funds-between-two-banks/226091/2 "2004-01-26T03:38:41Z")

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Depends largely on the receiving bank and how quickly they process EFTs. Typically a few hours to a day or so. If you need to move the money to someone more quickly, Western Union is the way to go.

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**Author:** ![lel](https://avatars.discourse-cdn.com/v4/letter/l/8797f3/32.png) [@lel](https://boards.straightdope.com/u/lel)\
**Post date:** [January 26, 2004, 4:07am UTC](https://boards.straightdope.com/t/transferring-funds-between-two-banks/226091/3 "2004-01-26T04:07:37Z")

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What about using the [Fedwire](http://www.federalreserve.gov/paymentsystems/fedwire/default.htm) system, if it is a rather large amount and it is critical to receive the funds in a timely manner?