Wells fargo how to transfer money from savings to checking

The APY (Annual Percentage Yield) is a percentage rate that reflects the total amount of interest paid on the account, based on the interest rate and the frequency of compounding for a 365-day period. Your account statement will include the APY earned on your savings accounts and interest-earning checking accounts for the period covered by the statement.

Build your savings automatically

Start a savings habit – link your Way2Save Savings account to your Wells Fargo checking account, then choose the automatic savings option that best fits your needs.

Save As You Go® transfers

We'll automatically transfer $1 from your linked Wells Fargo checking account to your Way2Save Savings account every time you do one of the following and it posts to the account:

Use your debit card for a one-time purchase
Complete a Bill Pay transaction through online banking

Automatic transfers

Set up regular automatic transfers from your linked Wells Fargo checking account to your Way2Save Savings account:

Save monthly – with an automatic transfer of at least $25
Or save daily – with an automatic transfer of as little as $1

Way2Save Savings Account Interest Rates and Fees

Variable rates3 (compounded daily) Compare ratesBalanceStandard Interest RateAnnual Percentage Yield (APY) $0 or more

0.01%

Account fees and details

Minimum opening deposit: $25
Monthly service fee: $5
Avoid the monthly service fee with one of the following each fee period:
- $300 minimum daily balance
- 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account
- 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account
- 1 or more Save As You Go® transfers from a linked Wells Fargo checking account
- Primary account owner is 24 years old or under
Other fees may apply; please see the Consumer Account Fee and Information Schedule and Deposit Account Agreement for details.

Way2Save Savings is a savings account that earns interest and allows you to save automatically to help you build towards your savings goals.

Yes. You can open a Way2Save savings account without a Wells Fargo checking account.

If you only have a savings account you are not able to get a debit card. You will need to use an ATM card to access the funds in your savings account.

Yes. Depending upon the age of your child you may be able to open an individual or a joint account. We also provide account ownership options just for minors. Ask a banker for details.

Enjoy these benefits of a Wells Fargo savings account

ATM card for convenient ATM access to your savings.

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Need your money to get there quickly and securely?

Use wire transfers to get funds to family, businesses, or internationally, where timing matters

The way to send money when faster is better

Around the globe

With Wells Fargo Online Wires, you can send money to both personal and business accounts in the U.S. and 200+ countries. Additional fees may apply.

When timing is key

Domestic and International Wire Transfers sent through Online Wires are typically sent the same business day if they are submitted by 2:00 pm Pacific Time. Otherwise, they will be sent the next business day. Easily access your online wires history through Wells Fargo Online.

Convenience matters

With online wires, you can:

Add a recipient once – we’ll save the details for next time
Set your mobile language preference to Spanish

How to set up and send online wires

Sign on to Wells Fargo Online.
Select Wire Money in the Transfer & Pay menu.
Add recipient details.
Send the wire (You must have a valid U.S. Mobile number or secure ID device to wire money).

Frequently asked questions

How do I send an online wire?

Sign on to Wells Fargo Online, go to Transfer & Pay, and enroll in Online Wires to get started.
Add your recipient, select funding account and amount (along with any additional details required for certain countries).
Review and send your payment.

You must have a current residence in the United States to send an online wire. Customers living in U.S. territories (American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands) or other countries can’t send wires online.

How much money can I send with Wells Fargo Online® Wires?

For your security, we restrict the amount of money you can send to recipients online. You will be able to review any limits before completing your wire transfer in online banking. To request higher limits for online wires, please visit your local branch.

What information do I need to wire money through Wells Fargo?

To send a wire, you will need:

The name and address of your recipient
The name of your recipient’s bank
A valid U.S. mobile number or RSA SecurID device

To send a domestic wire, you will also need:

The routing (ABA/RTN) number for your recipient’s bank. If you don’t know your routing number, we can look it up for you on the Add Recipient screen.
Your recipient’s account number

To send an international wire, you will also need:

The SWIFT/BIC for your recipient’s bank. A SWIFT code or Bank Identification Code (BIC) identifies the bank that will receive your wire transfer. If you don’t know this, contact your recipient’s bank.
Your recipient’s International Bank Account Number (IBAN). An IBAN identifies specific bank accounts at international banks. Depending on the country, we may ask you to provide an IBAN when you send an international wire transfer.

Certain countries require additional codes as follows:

Australia: Australian Branch Code (BSB)
Canada: Canadian Payment Routing Number
Great Britain: U.K. Sort Code
India: IFSC Code
Mexico: CLABE
New Zealand, Cook Islands, Niue, Pitcairn and Tokelau: New Zealand Clearing Code
Some countries also require you to provide a purpose of payment

Wires FAQs

How do I transfer money from savings to checking account?

You can quickly transfer money online using the bank website or app. Once you're in the app or on the website, choose the transfer option from your savings account and select your checking account as the account you want to transfer money to. You'll also need to specify the amount of money you want to transfer.

How many transfers can I make from savings to checking Wells Fargo?

Note: Transfers will count towards the maximum number of six withdrawals and transfers per monthly period from your savings or money market account per Regulation D and Bank requirements. See the “Other common fees” section for excess activity fees on your savings accounts.

How do I transfer money between Wells Fargo accounts?

Sign on to Wells Fargo Online® to access transfers. Choose the account you want to transfer money from, the account you want the money transferred to, the frequency of transfers, the date you would like the transfer to occur, and the amount that you would like to transfer. Click the Continue button.

How long does it take to transfer money from savings to checking Wells Fargo?

Initially the delivery speed is 2 business days for a transfer from your Wells Fargo account to your account at another financial institution, and 3 business days for a transfer from your account at another financial institution to your Wells Fargo account.