Is there a transfer limit for Bank of America?

Is there a transfer limit for Bank of America?

A. There are no receiving limits for Internal Transfers between your own accounts. / Higher limits may apply for Bank of America Private Bank, Merrill or small business accounts. This process may impact when fees apply to your account.

Can a bank ask where you got money?

There is no law that specifically requires a bank to ask where you get your cash. They are probably just following Governmental and company guidelines on money laundering and have been told to ask that question on deposits of cash over a certain amount. Either that or the teller is just a nosy sod.

Can I deposit money into someone else’s account online?

Make an electronic transfer You can easily transfer money into a friend’s or relative’s account through a service such as Venmo, PayPal or Square Cash. If your bank doesn’t offer Zelle, you can still send an electronic bank transfer through your online banking account in another way.