Bank of America business-to-business transfer - GoFuckYourself.com

Sly · 09-17-2014, 08:39 AM

I have two Bank of America accounts, both business accounts. I need to transfer money from one business account to the other business account. I cannot do it from within their website. I am on live chat and they are telling me that they do not allow it. I cannot even send a wire to myself.

Is this for real? Bank of America does not allow you to send payments of any sort to another Bank of America business account?

fitzmulti · 09-17-2014, 08:48 AM

Perhaps they mean you can't do it from your own accounts to each other.
Who knows...but, I'd ask them if that is the situation, because I can not imagine biz to biz otherwise isn't allowed.

Sly · 09-17-2014, 08:50 AM

No, that's not it at all. I have confirmed multiple times. They will not allow me to pay anyone or any business with a Bank of America account. My business or anyone else's.

Unreal.

baddog · 09-17-2014, 09:13 AM

I think you have to do it by check; which can be a virtual check.

Captain Kawaii · 09-17-2014, 09:29 AM

They are the crappiest of the crappy.

BIGTYMER · 09-17-2014, 09:38 AM

I do it everyday. I have multiple business, checking and savings accounts with them. But all my accounts are under one login.

BIGTYMER · 09-17-2014, 09:43 AM

I've even made transfers to other peoples BofA accounts from mine online. Not sure why they aren't allowing you to..

VikingMan · 09-17-2014, 09:57 AM

if your accounts are originated in different states the problem may be because Bank of America has merged with other banks and those systems have not fully integrated yet. I ran into this problem a few years ago.

GangsterProfit · 09-17-2014, 03:53 PM

Yea I had to go to a local office and get them to merge my accounts under one login. Now I can do it instantly... I used to have the same problem, and used to write myself checks from one account to the other.

The one login is pretty nice though, I can see everything at once now and do instant tx.

Sly · 09-17-2014, 03:59 PM

Quote:

Originally Posted by GangsterProfit

Yea I had to go to a local office and get them to merge my accounts under one login. Now I can do it instantly... I used to have the same problem, and used to write myself checks from one account to the other.

The one login is pretty nice though, I can see everything at once now and do instant tx.

I would be willing to do that if the second company wasn't a partnership. :-/

Marcus Aurelius · 09-17-2014, 04:06 PM

It's for your own protection.

Why do you hate democracy and freedom?

TidalWave · 09-17-2014, 04:11 PM

It wont show you both because you do not have full ownership of both... something something.

You can send a wire though.

Relentless · 09-17-2014, 05:21 PM

Move to Chase and use Quickpay for everything. It's paypal but with zero fees. The only rub is there is a daily limit on amounts, but anything over a few grand you can wire domestically for 15 bucks....

acctman · 09-17-2014, 09:19 PM

Just write the other business a check and then use the BoA app to deposit that check into the second BoA business. should show up the next day.

GangsterProfit · 09-17-2014, 09:28 PM

Quote:

Originally Posted by Sly

I would be willing to do that if the second company wasn't a partnership. :-/

No, mine is the same way. It's just a way of BoA tagging your accounts and saying "this guy has administrative access to all these accounts."

My business partner can't see my personal accounts, or my accounts from my solely-owned LLC. But I see all my stuff in the same dashboard, and it makes transfers instant.

Just call your local branch, they can probably explain it better than I can.

Edit: I'm pretty sure this is what I did, "account linking" -- https://www.bankofamerica.com/deposi...ur-accounts.go

PornTeam · 09-18-2014, 07:23 AM

I like how they charge $25 to send an ACH to a BofA account and $3 for an ACH outside their bank.

With the transfer it is all how the account is set up, it you are a C-corp or S-Corp they dont allow transfers unless the accounts are under the same profile. And they will not link them together if they are a C/S corp to a personal account. you have to be a single member LLC in order to have it show under your personal profile to do the transfer.

09-17-2014, 08:39 AM	#1
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,291	Bank of America business-to-business transfer I have two Bank of America accounts, both business accounts. I need to transfer money from one business account to the other business account. I cannot do it from within their website. I am on live chat and they are telling me that they do not allow it. I cannot even send a wire to myself. Is this for real? Bank of America does not allow you to send payments of any sort to another Bank of America business account? __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available. Wanted: CCBill pay sites for sale

09-17-2014, 08:48 AM	#2
fitzmulti I Like Depth Of Field! Industry Role: Join Date: Jan 2003 Location: Las Vegas, NV, USA: 36.12318 N, 115.090219 W Posts: 14,861	Perhaps they mean you can't do it from your own accounts to each other. Who knows...but, I'd ask them if that is the situation, because I can not imagine biz to biz otherwise isn't allowed. __________________ www.SexyGirlsCash.com CONTACT // FITZMULTI AT GMAIL.COM // {Please include a message so I know you are from GFY! I get too many spam "add requests"!}

09-17-2014, 08:50 AM	#3
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,291	No, that's not it at all. I have confirmed multiple times. They will not allow me to pay anyone or any business with a Bank of America account. My business or anyone else's. Unreal. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available. Wanted: CCBill pay sites for sale

09-17-2014, 05:21 PM	#13
Relentless www.EngineFood.com Industry Role: Join Date: Aug 2006 Posts: 5,698	Move to Chase and use Quickpay for everything. It's paypal but with zero fees. The only rub is there is a daily limit on amounts, but anything over a few grand you can wire domestically for 15 bucks.... __________________ Website Secure \| Engine Food ICQ# 266-942-896

09-17-2014, 09:13 AM	#4
baddog So Fucking Banned Industry Role: Join Date: Apr 2001 Location: the beach, SoCal Posts: 107,090	I think you have to do it by check; which can be a virtual check.

09-17-2014, 09:29 AM	#5
Captain Kawaii So Fucking Banned Industry Role: Join Date: Oct 2007 Posts: 6,748	They are the crappiest of the crappy.

09-17-2014, 09:38 AM	#6
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	I do it everyday. I have multiple business, checking and savings accounts with them. But all my accounts are under one login.

09-17-2014, 09:43 AM	#7
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	I've even made transfers to other peoples BofA accounts from mine online. Not sure why they aren't allowing you to..

09-17-2014, 09:57 AM	#8
VikingMan Exploiting human weakness Industry Role: Join Date: Jan 2008 Location: next to a salmon stream Posts: 6,475	if your accounts are originated in different states the problem may be because Bank of America has merged with other banks and those systems have not fully integrated yet. I ran into this problem a few years ago.

09-17-2014, 03:53 PM	#9
GangsterProfit Registered User Industry Role: Join Date: Aug 2014 Posts: 34	Yea I had to go to a local office and get them to merge my accounts under one login. Now I can do it instantly... I used to have the same problem, and used to write myself checks from one account to the other. The one login is pretty nice though, I can see everything at once now and do instant tx.

09-17-2014, 04:06 PM	#11
Marcus Aurelius No Refunds Issued. Industry Role: Join Date: Apr 2003 Posts: 14,809	It's for your own protection. Why do you hate democracy and freedom?

09-17-2014, 04:11 PM	#12
TidalWave Confirmed User Industry Role: Join Date: Sep 2007 Location: Los Angeles Posts: 2,706	It wont show you both because you do not have full ownership of both... something something. You can send a wire though.

09-17-2014, 09:19 PM	#14
acctman Confirmed User Join Date: Oct 2003 Location: Atlanta Posts: 2,840	Just write the other business a check and then use the BoA app to deposit that check into the second BoA business. should show up the next day.

09-18-2014, 07:23 AM	#16
PornTeam Registered User Industry Role: Join Date: Aug 2007 Location: San Francisco, CA. Posts: 5	I like how they charge $25 to send an ACH to a BofA account and $3 for an ACH outside their bank. With the transfer it is all how the account is set up, it you are a C-corp or S-Corp they dont allow transfers unless the accounts are under the same profile. And they will not link them together if they are a C/S corp to a personal account. you have to be a single member LLC in order to have it show under your personal profile to do the transfer.