As you asking I am telling EFT (Electronic Funds Transfer) is facility provided by Bank Of America this transfer service you can securely send money to friends, family or coworkers using an email address or mobile phone number. Using Online Banking or your Mobile Banking app you can easily make email and mobile transfers on the go with no fee. Wireless carrier fees may apply. Check your wireless carrier agreement for details.

With Online Banking, you can make the following types of electronic funds transfer (EFT):

Between accounts you own at Bank of America

Make transfers from checking and savings to:

Eligible checking and savings
Line of credit
Credit card
Retail loans and mortgages
Investments

Make transfers from line of credit to:

Checking and savings
Line of credit
Credit card
Retail loans and mortgages

Make transfers from credit card to:

Checking and savings

Make transfers from investment to:

Checking and savings (only individual brokerage accounts and joint tenants with rights of survivorship brokerage accounts are eligible for Online Banking transfers.)