How Do I Cancel an Existing Transfer in My Goldman Sachs Account?
When you set up account transfers in your Goldman Sachs account, you have the option to cancel it before the wire or ACH transfer starts to process. This allows customers with recurring transfers to stop these at any time. Transfers that are requested on weekends and holidays also have a window of opportunity to cancel since these will not be processed until the next business day.
Online banking has made it easy to transfer money quickly, but what happens when you want to stop the transfer? How do you cancel an existing transfer in your Goldman Sachs account? You can get more information on Goldman Sachs accounts by calling customer support here, and below are steps you can take to cancel an existing transfer.
Stopping or Canceling an Existing Goldman Sachs Account Transfer
Cancelations can be made to recurring payments you've set up in your Goldman Sachs account. To cancel an existing transfer from your account, do the steps listed below:
- Open Goldman Sachs on your computer or open the app on your mobile device.
- Log into your account.
- Go to "track my transfer" to locate the existing transfers on your account.
- Click the one you wish to delete or cancel.
- Select the option to stop the transfer to cancel the process.
- Confirm you wish to stop the process and submit the request.
About Goldman Sachs Account Transfers
A transfer from your Goldman Sachs account typically processes within the same day if the request was made before 4 PM; however, transfers can take up to three business days to fully complete. Once the transfer has been processed, it will not appear in your tracker but will appear in the transaction history of your account.
External wire transfers can only be made from your Goldman Sachs account to another account in your name at a different financial institution. In other words, you cannot make a wire transfer to an account in someone else's name from your Goldman Sachs account.
While you can schedule a transfer on a weekend or holiday, be aware it will not start processing until the next business day if you don't schedule it for a later date. Therefore, if you decide you don't want to transfer the funds, you can log into your account before the next business day to cancel the existing, scheduled transaction.
Canceling an existing transfer in your Goldman Sachs account can help you better manage your savings or checking holdings and allows you to make adjustments when needed. For more information or assistance with an account transfer, call Goldman Sachs here.
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