A bank-to-bank transfer occurs when someone transfers money from an account at one bank to an account at another bank, credit union or other financial institution. Some banks charges fees for bank-to-bank transfers. On its website, Wells Fargo indicates fees may apply for such transactions.
Banks may also impose limits on the amount someone can transfer bank-to-bank in one day. HSBC reports on its website that a customer can transfer between $10 and $350,000 into his HSBC account in one day or transfer from HSBC with the same limits. Additional security checks are often completed for a bank-to-bank transfer relative to a same-bank transfer, reports Wells Fargo. Therefore, the process can take three to five days.