Overview
With Quicken Simplifi's Account to Account (A2A) funds transfer feature enabled (for users enrolled in Early Access), you will be able to transfer funds from one of your connected checking or savings accounts to another connected checking or savings account, without leaving Quicken Simplifi.
NOTE: Datasets created AFTER September 19, 2024 do NOT currently have the option to enroll in Account to Account Transfers while this feature is in Early Access.
A few things to note:
Currently, only checking and savings accounts are eligible for account transfers.
You can transfer funds between checking or savings accounts at different banks.
You must have a minimum of 2 accounts enabled for Account to Account funds transfer to use the feature.
Fund transfers can take up to 2-3 business days to fully complete.
If you're sharing your data with someone using Space Share, the party you are sharing your data with will NOT be able to perform an Account to Account funds transfer.
You cannot schedule recurring Account to Account fund transfers using our Recurring Transaction feature.
(Early Access) Transfers can be made into connected investment accounts, but you cannot transfer funds out of them.
Depending on the type of investment account—such as a 401(k)—you may not be able to transfer funds into it.
How to enable Account to Account fund transfers
To enable the Account to Account funds transfer feature, you will need to set up and verify your eligible accounts for transfers. There are multiple ways to begin the setup.
From your Dashboard:
You will see a tile appear in the upper right of your Dashboard, asking if you would like to set up fund transfers between your accounts. Click on the blue Set Up button to get started.
Under Settings:
Under your Settings, you can enable Account to Account transfers. You can do so by:
Navigate to the lower-left corner of the screen and click the Settings gear icon.
Under Settings, click on the Accounts tab or the Transfer activity tab.
If you clicked on the Accounts tab: On the upper-right of the screen, click on the Set Up Transfers button.
Alternatively, you can enable Account to Account funds transfer under the Transfer activity tab.
When you click on the Set Up Transfers, you will be presented with a pop-up. Click on the blue Get Started button.
We will need to verify your identity to ensure that you are the owner of the accounts that you want to enroll.
Fill out the information presented, review and agree to our and our partner's Terms of Service and Privacy Policy, and then click Continue on the lower right of the pop-up screen.
Once your accounts are verified, you will see a pop-up indicating which connected banks have eligible checking and savings accounts for Account to Account transfers.
Click on the connected bank with the eligible account(s) that you want to enroll.
Click on the eligible account.
Enter the routing and account number associated with that account and click Continue.
For further account authorization, we will send two small deposits, each under $1, to your account.
After receiving the deposited amounts
When you see the deposits in the accounts you enrolled, note the deposited amounts, and log into Quicken Simplifi.
Navigate to the lower-left of the screen and click on the Settings gear icon.
Under Settings, click on the Accounts tab.
To the right of the account you enrolled for Account to Account transfers, click on the three-dot menu icon.
Click on Verify Account for transfers.
Enter the amounts that were deposited into your account.
When entering the deposited amounts, ensure they are recorded in the order received.
Be sure to enter the first deposit you received into the Deposit amount 1 section and the second deposited amount you received into the Deposit amount 2 section of the pop-up.
Click Verify.
Once your accounts are verified, you can transfer funds between the enrolled accounts.
Setting up a funds transfer between accounts
Once you've confirmed the connected accounts you want to transfer funds between, you can begin setting up a transfer. There are several places in Simplifi where you can start this process.
Note: Fund transfers can take up to 3 business days to complete.
In an eligible account:
Click into the account that was enrolled, and on the upper-right of the screen, click on the Transfer Money button.
Under Settings:
Navigate to the bottom-left of the screen and click on the Settings gear icon.
Under Settings, click on Transfer activity.
Under Transfer activity, you can begin the transfer by clicking on the blue Transfer Money button in the middle of the page or using the Transfer money tile on the right side of the screen.
To transfer funds:
In the Transfer funds pop-up, in the From account dropdown, select the account to transfer funds from.
In the To account dropdown, select the account receiving the transferred funds.
Enter the dollar amount of the transfer.
Click the blue Review button.
Review the funds transfer information and click the blue Submit button.
Once the funds transfer is submitted, you can check the status of your transfer in Settings under Transfer activity.
Frequently Asked Questions
How do I cancel a funds transfer once it has been submitted?
How do I cancel a funds transfer once it has been submitted?
A transfer can be cancelled while it is in a Scheduled state. Once the transfer is in a Processing state, you will not be able to cancel your funds transfer.
You can verify the status of the transfer under Settings, in your Transfer activity tab. Click on the three-dot menu to cancel your transfer, if available.
If you have any questions about using our Account to Account transfers in Quicken Simplifi, our Support Team is just a click away!