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Switching banks, or even just opening a new account, isn’t something people do on a whim. The decision can be driven by need, like moving to another state. Sometimes, it may result from learning more about different options. In other cases, the switch is about seeking better rates, lower or no fees, or digital access.

If you’ve decided to switch to a ߣ¹ÜÍøÕ¾ account, here’s what you need to know about getting it funded ASAP. Depending on the kind of account you’re opening—whether it’s savings or a certificate of deposit (CD)—your available options and the timing may vary.

1. Online transfer

Internal (from a ߣ¹ÜÍøÕ¾ deposit account to a different ߣ¹ÜÍøÕ¾ account)

If you have multiple eligible accounts at ߣ¹ÜÍøÕ¾ (for example, an online savings account and a CD), you can complete an online transfer between accounts. Just via the app or online banking portal and follow the simple prompts to make a transfer.

External (from an account at a different bank to a ߣ¹ÜÍøÕ¾ account)

There is no minimum opening deposit required to open any ߣ¹ÜÍøÕ¾ Online Banking Account, including an Online Savings Account. The account must be funded within 45 days of account opening.

Here are three methods for completing the verification process with ߣ¹ÜÍøÕ¾:  

Instant verification

With instant verification, you just need to provide details about your external account. These include your name, the account number, and the ABA routing number. With that information, ߣ¹ÜÍøÕ¾ should be able to verify your account and transfer the funds.

Real-time verification

With this method, ߣ¹ÜÍøÕ¾ will ask for your name, your account number, and the ABA routing number, and will also require your login information (user ID and password) that you use to sign in online to your external account. ߣ¹ÜÍøÕ¾ will verify that your account is valid and transfer the desired amount.

Trial deposit

With trial deposit verification, ߣ¹ÜÍøÕ¾ will request information about your external account and then make two small deposits to that account—typically a few cents each. It typically takes three to five business days for these small trial deposits to show up in your external account. You’ll then confirm the amounts of these deposits to successfully authenticate the account (once this happens, the deposits are reversed).

By going through any of the methods above, ߣ¹ÜÍøÕ¾ will process the transfer of funds. If you opt to initiate an account transfer at your other bank, you’ll need to share ߣ¹ÜÍøվ’s routing number—031100649—and your account number to add an initial deposit to your ߣ¹ÜÍøÕ¾ account within 45 days of opening it.   

Be aware that some banks may charge fees for outgoing transfers to other institutions. If you’re hoping to avoid that, check out other options for funding your account below. 

2. Mobile check deposit

A smartphone and a paper check are all you need to make a mobile check deposit. First, you’ll download the ߣ¹ÜÍøÕ¾ Mobile App (available for Android phones and iPhones, tablets, and smartwatches) and register for access to online banking. Once signed in, you can complete a mobile check deposit by following the prompts—which typically involve capturing a clear image of the front and back of the check made out to and endorsed by you.

3. Direct deposit

If you want to fund your new savings account through direct deposit, you may be able to . You may also be able to sign up directly through your employer or other payor, such as Social Security. Once you’re set up, please allow up to two pay cycles for your first deposit to appear in your account.

Other funding options

If none of these options work for you, you can also fund a ߣ¹ÜÍøÕ¾ Online Savings Account or CD by mailing in a check (payable to you) and deposit slip, or initiating a wire transfer.¹

Now you’re ready to bank

You’ve funded your new account. Maybe you’ve even set up direct deposit or downloaded the mobile app. Regardless of how you bank, your bank should work for you, so make sure to check out all the benefits of a ߣ¹ÜÍøÕ¾ Online Savings Account.

¹ Outgoing wire transfers are subject to a service charge. You may be charged a fee by a non-ߣ¹ÜÍøÕ¾ ATM if it is not part of the 60,000+ ATMs in our no-fee network.

For a list of compatible Apple Pay devices, see . Apple, the Apple logo, Apple Pay, Apple Watch, iPad, iPhone, Mac are trademarks of Apple Inc., registered in the U.S. and other countries.

Apple Pay is a service provided by Apple Payments Services LLC, a subsidiary of Apple Inc. Neither Apple Inc. nor Apple Payments Services LLC is a bank. Any card used in Apple Pay is offered by the card issuer.

Articles may contain information from third parties. The inclusion of such information does not imply an affiliation with the bank or bank sponsorship, endorsement, or verification regarding the third party or information.

The information provided herein is for informational purposes only and is not intended to be construed as professional advice. Nothing contained in this article shall give rise to, or be construed to give rise to, any obligation or liability whatsoever on the part of ߣ¹ÜÍøÕ¾, a division of Capital One, N.A., or its affiliates.