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--- td_bank_notes [2024/02/14 21:31] – raju
+++ td_bank_notes [2024/02/14 21:35] (current) – [today | 2023-09-13] raju
@@ Line 38: / Line 38: @@
 The restrictions on the BofA side are
   * https://www.bankofamerica.com/online-banking/zelle-transfer-limits/
+==== today | 2024-02-14 ====
+It is not possible to do an ACH transfer from your account to an account owned by another person. The only option to do a third party transfer is to do it via Zelle or through wire transfer.
+Situation: I wanted to transfer money from wife's checking account to my daughter's 529 plan (owned by me). Using Zelle is not an option since my Zelle is associated with another bank account. Using wire transfer is not an option as there is a $30 fee for it.