Do banks change a fee when you transfer money out of their checkings account into a third party brokerage? (e.g. BoA -> Robinhood)


I read here that BoA charges for ACH transfers: https://www.nerdwallet.com/article/banking/ach-transfer-costs#1

Bank of America transfer fee

To Bank of America account: $0.

From Bank of America account (3 business days): $3.

From Bank of America account (next day): $10.

So when I transfer to Robinhood, does BoA charge a fee? I don't know if these count as ACH transfers, but I still wanted to make sure if there is a fee or not.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *