How Do I Setup a Recurring Transfer in My Truist Bank Account?

If you have a Truist account and regularly need to move money between accounts at different banks, or even between your own Truist accounts, your best option is setting up a recurring ACH transfer. That way, you'll never forget about making a transfer again. This article will teach how to set up one of these recurring transfers.

ACH Transfer Basics

You may have heard of wire transfers, the direct electronic transfer of funds from one bank to another. If you need to move large amounts of money as fast as possible with a one-time transfer, they're the best electronic transfer option. But because of their steep fees, they're not a good idea for recurring transfers. For those, free ACH transfers are best. They get processed in large batches by payment clearinghouses, so they cost next to nothing. And when you set them up in advance, it doesn't matter at all that they're a little slower than wire transfers.

How to Set Up a Recurring ACH Transfer

To set up a recurring ACH transfer from your Truist account, you need to get the Truist mobile app. To set up transfers using it, follow these steps:

1. Open the Truist app.
2. Log in.
3. Select the Transfer & Pay option from the main menu.
4. Tap the Transfer Money and Pay Truist Bills option.
5. Choose the account you want to transfer money from.
6. Choose the account you want to send money to. If you have already linked the account with your Truist  account, you can find it on the list of accounts. If you haven't, select the option to do so and follow the instructions.
7. Tap on the Frequency option.
8. Select a frequency for the payments.
9. Choose a start date for the transfers.
10. Enter the amount to transfer each time.
11. Tap on Done.
12. Enter a memo for the recipient, if you want.
13. Tap on Continue.
14. Review all of the transfer information.
15. Tap on Submit.

You should be aware that the process for linking accounts can take a couple of business days. If you need to link the accounts before setting up the transfers, make sure that you do everything in plenty of time for the first transfer to arrive when it should.

Contacting Truist

If you have any questions about setting up the transfer or linking the accounts, ask a Truist customer service agent. To reach one, you'll have to call because there aren't any online contact options.