How to Transfer Money to Another USAA Member

Transferring funds to another USAA member provides a convenient method for moving money between accounts. USAA offers various options to facilitate these transactions. Understanding the available methods, necessary information, and specific procedures helps streamline the process.

Available Transfer Methods

USAA offers direct internal transfers as a primary method for sending money to another member. This service facilitates movement of funds directly between USAA accounts. It is a straightforward option for transactions within the USAA banking system.

Another widely used method for person-to-person payments is Zelle, integrated into the USAA mobile application. Zelle allows for quick transfers to individuals who also have a U.S.-based bank account. While external wire transfers or Automated Clearing House (ACH) transfers are options for sending money to accounts outside USAA, internal transfers and Zelle are typically the most relevant for direct transactions between USAA members.

Required Information for Transfers

For direct internal USAA-to-USAA transfers, you will need the recipient’s full name, their USAA account type, their specific account number, and the USAA routing number, which is 314074269.

For Zelle transfers, the required information is simpler. You will generally only need the recipient’s U.S. mobile phone number or their email address. Both pieces of information must be associated with the recipient’s Zelle-enrolled bank account. Confirming the correct contact details with the recipient beforehand prevents sending funds to an unintended party.

Initiating a USAA-to-USAA Transfer

Initiating a direct transfer to another USAA member can be done through the USAA mobile app or website. Begin by logging into your USAA account. Once logged in, navigate to the “Pay & Transfer” or “Move Money” section.

From there, select the option for sending money to another USAA member. You will then be prompted to choose the account from which the money will be withdrawn and the recipient’s USAA account where the funds will be deposited. Input the amount you wish to transfer and, if desired, include a memo or note to specify the purpose of the transaction. After reviewing all the entered details for accuracy, confirm the transfer. Funds are generally available to the recipient immediately if the transfer is completed before 9:00 PM Central Time on a weekday.

Understanding Transfer Limits and Fees

Transferring money often involves specific limits and potential fees. For Zelle transactions initiated through USAA, daily sending limits typically range up to $1,000, with a weekly limit of approximately $2,500 over any seven-day period, and a monthly limit of around $10,000 over 30 days. These limits help protect accounts from unauthorized activity.

Direct internal transfers between USAA accounts are generally limited by the available balance in the sending account. USAA does not typically charge fees for internal transfers between its members or for Zelle transactions. However, verify current limits and any applicable fees directly with USAA through their website or customer service, as these can change.