Overview
With Quicken Simplifi’s Account-to-Account (A2A) transfer feature, you can move money between your connected checking and savings accounts—even when they’re at different banks—just like you would on your bank’s website, without ever leaving Quicken Simplifi. This feature is included at no additional cost, so you won’t pay any fees to use it.
Note: This feature is not currently available for all accounts. Please review the eligibility requirements below to confirm if it’s available for you.
Eligibility Requirements for This Feature
To use this feature, you must meet all of the following requirements:
You must have a Quicken Simplifi Space (dataset) that was created before September 19, 2024. If your Space was created after this date, you won't be able to use this feature.
Early Access must be enabled for your Quicken Simplifi account.
At least two accounts must be enabled for Account-to-Account transfer before you can start transferring funds.
Account-to-Account Transfer Limits
Currently, only checking and savings accounts are eligible for account transfers.
You can transfer money into connected investment accounts, but not out of them (some investment accounts, like 401 (k) s, may not accept transfers in).
If you share your data with someone through Space Share, the party you share it with cannot perform Account-to-Account transfers.
You cannot schedule automatic Account-to-Account fund transfers using our Recurring Transaction feature.
Transfers are limited to a maximum amount of $5,000 per day.
Enable Account-to-Account 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.
From Settings:
Under your Settings, you can enable Account-to-Account transfers. You can do so by:
Click the ⚙️Settings icon in the upper-right corner.
Select Transfer activity.
Click on the Set Up Transfers button.
Click the blue Get Started button.
Verify your identity by entering the following information:
First name.
Last name.
Home address.
Date of birth.
Last four digits of Social Security Number.
Check the box to agree to the terms of service and privacy policy.
Click Continue.
Alternatively, you can enable Account-to-Account transfers under Settings -> Transfer activity -> Set Up Transfers.
Select Your Accounts-for-Account to Account Transfers:
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.
Click Continue.
Note: For further account authorization, we will send two small deposits, each under $1, into your account within a day or two. Follow the instructions below to verify the account using the two small deposits.
Verify Your Account
When you see the deposits in the accounts you enrolled, note the deposited amounts, and log into Quicken Simplifi.
Click the ⚙️Settings icon in the upper-right corner.
Select Accounts.
Click on the three-dot menu to the right of the account you enrolled for Account-to-Account transfers.
Click Verify Account for transfers.
Enter the amounts that were deposited into your account.
Ensure 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.
Click Verify.
Once your accounts are verified, you can transfer funds between the enrolled accounts.
How to Use Account-to-Account Transfers
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: Account-to-Account transfers can take up to 3 business days to complete.
Directly from your account:
Click into the account that was enrolled
Click the Transfer Money button in the upper-right corner.
From Settings:
Click the ⚙️Settings icon in the upper-right corner.
Select Transfer activity.
Go to the Transfer money section on the right side of the screen.
Enter the Transfer details:
Select the source account from which the funds will be withdrawn.
Select the destination account that will receive the transferred funds.
Enter the dollar amount of the transfer.
Click the blue Review button.
Review the funds transfer information is correct.
Click the blue Submit button.
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 canceled while it is in a Scheduled state. Once the transfer is in the Processing state, you will not be able to cancel it.
Click the ⚙️Settings icon in the upper-right corner.
Select Transfer activity.
Click the three-dot menu next to the transfer you want to cancel.
Select Cancel (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!