Skip to Main Content
Needham Bank Logo
Locations
  • Personal Banking
  • Business Banking
  • Personal Credit Card
  • Business Credit Card
Customer Care Center: 781-444-2100
  • Contact Us
  • About
  • Community
  • Careers
  • Enroll in Online Banking
  • Personal Banking
  • Business Banking
  • Personal Credit Card
  • Business Credit Card
Enroll in Online Banking
Needham Bank Logo
Small Needham Bank Logo
  • Overview

    Checking

    • NB Debit Mastercard®
    • NB Money Management
    • Zelle® - Send and Receive Money

    Savings

    • Interest Rates
    • NB Statement Savings
    • NB Money Market
    • Personal CDs and IRAs

    Online & Mobile Banking

    Wealth Management

    Consumer Loans

    • Home Equity Line of Credit (HELOC)
    • Overdraft Protection Line of Credit
    • Personal Loans
    • Auto Loans

    Credit Cards

    • NB Rewards Mastercard®
    • NB Credit Advantage Mastercard®

    Residential Loans

    • First-Time Home Buyer Program
    • Fixed-Rate Mortgages
    • Adjustable Rate Mortgages
    • 40-Year Mortgage*
    • Community Loan Program
    • Construction-to-Permanent Mortgages
    • Home Equity Line of Credit (HELOC)
    • Jumbo Mortgages
    • Portfolio Loans
    • NB WealthBuilder Mortgage
    • Residential Loan Rates
    • Mortgage Calculators
    • Meet the Residential Lending Team

    Learn

    • Calculators & Tools
    • Knowledge Center
    • Fraud Prevention Tips

    Quickly open a Checking, Savings, CD or Money Market online in just 5 minutes. Open an Account Now

  • Overview

    Checking

    • NB Business Checking
    • NB Corporate Checking

    Savings

    • NB Business Money Market
    • NB Business CDs
    • Simplified Employee Pension (SEP) IRAs

    Credit Card

    • NB Business Rewards Mastercard®

    Online & Mobile Banking

    Cash Management

    Features include:

    • Cash Flow Management
    • Collections/Receivables
    • Disbursements/Payables
    • Fraud Prevention
    • Direct Connect for Quicken and Quickbooks

    Municipal Banking

    Wealth Management

    ZDeposit

    ZRent

    Commercial Banking

    • Commercial Real Estate Loans
    • Small Business
    • Middle Market
    • Structured Finance
    • Cannabis Banking
    • Meet our Commercial Team Leaders

    Learn

    • Business Resource Center
    • Business Banking Client Profiles
    • Knowledge Center
    • Fraud Prevention Tips

    Loans & Lines of Credit

    • Business Loans
    • Business Overdraft Protection
    • Construction Loans
    • Small Business Administration (SBA) Loans
    • Small Business Term Loan
    • Commercial Real Estate Loans
    • Paycheck Protection Program Loan Forgiveness

    Partner with Needham Bank experts who are invested in your success.

  • Knowledge Center
  • Client Resources

    • Client Resources
    • Avoid Overdraft Fees
    • Banking Holidays
    • Frequently Asked Questions
    • News
    • Reorder Checks
    • Schedule of Charges

    Account Support and Safety

    • Protect Your Accounts
    • Fraud Recovery Checklist
    • Protect Yourself from Popular Fraud Scams
    • Mailbox Fishing Scams
    • Fraud Prevention Articles

    Contact Us

    • Employee Directory
    • Find a Branch
    • General Inquiries
    • Loan Services
    • Online Banking Help
    • Send a Message

    Frequently Asked Questions

    • I lost my NB Debit Card but the bank is closed. Is there a number I can call?
    • What is Needham Bank's routing number?
    • How do I enroll in Online Banking?
    • How do I avoid overdraft fees?
  • Contact Us
  • About
  • Community
  • Careers
  • Enroll in Online Banking
Customer Care Center: 781-444-2100

How to Transfer Money Between Accounts: Internal and External Transfers

Posted on 11/29/2021

From financial planning, to making payments, to taking advantage of better interest rates, internal and external transfers are used for a variety of reasons. Transfers are an easy way to save you time by moving money electronically.

Needham Bank offers three different types of transfer options through NB Personal Online and Mobile Banking. You can transfer internally, externally and from your personal Needham Bank account to another customer’s personal Needham Bank account. Discover the different types of transfers we offer, how each transfer is used and how to access these transfer types through Personal Online and Mobile Banking. 

Types of Transfers Offered

  1. Internal Transfers

Allow instant transfers of funds between your personal Needham Bank accounts.

Internal transfers are perfect to use when you need to move money from your checking to your savings or vice versa.

  1. Needham Bank to Needham Bank Transfers

Allow instant transfers of funds from your personal Needham Bank account to another customer’s Needham Bank account.

These transfers are great for sending funds to a mutual Needham Bank customer. All you will need is the first three letters of the recipient’s last name and their account number.

  1. External Transfers

Allow quick and simple transfers of funds to and from your personal Needham Bank account to an account you have at another outside institution.

External transfers are used when you need to send money between your personal Needham Bank account and an account you have elsewhere. It is important to note that you must be an owner of the external account you are transferring to or from.

How to Access

Now that you understand the different types of transfers we offer, it is time to know how to access them.

NB Personal Online Banking

  • Internal Transfers

These can be completed via the “Accounts” widget on the homepage, or by selecting “Move Money” from the top toolbar and then “Make Transfer.”

  • Needham Bank to Needham Bank Transfers

These can also be completed via the “Accounts” widget on the homepage, by selecting “Move Money” and then “Make Transfer,” or by selecting “Move Money” and then “Transfer to NB Customer.”

To set up a Needham Bank recipient, select “Add a recipient” in the transfer “To” dropdown list. Then, under “Who do you want to add?” enter the first three characters of their last name, select their account type and enter their account number. Click “Verify Recipient,” and once confirmed, you will be able to choose them from the transfer “To” dropdown list.

  • External Transfers

These can be completed by selecting “Move Money” from the top toolbar and then selecting “External Transfers.” Then, select what you would like to do from the “I Want To” widget on the right-hand side to finish the transfer.

NB Personal Mobile Banking

  • Internal Transfers

These can be completed by selecting “Transfers” from the bottom toolbar and then selecting “Transfers” again.

  • Needham Bank to Needham Bank Transfers

These can also be completed by selecting “Transfers” from the bottom toolbar and then selecting “Transfers” again.

  • External Transfers

These can be completed by selecting “Transfers” from the bottom toolbar and then selecting “External Transfers.”

How to Initiate Transfers

Watch our video featuring Katie Lawes, VP Digital Banking, to understand how to initiate the different types of transfers.

Transfers are a quick and convenient way to move money. By utilizing our internal and external transfer options, you will be able to transfer money to your personal Needham Bank accounts, mutual personal Needham Bank customer accounts and your accounts at other banks. If you have any questions about our transfer options, please contact our Digital Banking team by calling 781-444-2100 and pressing 2.

Similar Posts

How to Master Your Money Management 6/25/2021
Secure Messaging: How To “Text” Your Bank 10/19/2021

Knowledge Center

Category

  • All
  • Calculators
  • Borrowing
  • Fraud Prevention
  • Home Ownership
  • Managing Debt
  • Retirement & Wealth
  • Saving & Budgeting
  • Small Businesses
  • Students

PLEASE NOTE:

You are leaving the Needham Bank website. By clicking "Continue" below, you will enter a website created, operated, and maintained by a private business or organization. 

Needham Bank provides this link as a service to our website visitors. We are not responsible for the content, views, or privacy policies of this site. 

We take no responsibility for any products or services offered by this site, nor do we endorse or sponsor the information it contains. 

Continue to leave the Needham Bank site.
OR
Stay here to close this message.

  • Home
  • Locations
  • Contact us
  • About
  • Careers
  • Account Support & Safety
  • Privacy Policy
  • TERMS OF USE
Member FDIC Equal Housing Lender Member DIF
© 2023 All rights reserved. Powered by Getfused