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?

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.

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.

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

They are the crappiest of the crappy.

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

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

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.

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. :-/

It's for your own protection.

Why do you hate democracy and freedom?

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

You can send a wire though.

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....

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.

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

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.