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Whats the difference between an internal and external transfer?

April 26, 2017external Internal transfer

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Whats the difference between an internal and external transfer?

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An internal transfer is the movement of funds between your Capital One accounts. An external transfer is the movement of funds between your Capital One account(s) and your linked personal deposit or investment account(s) at other financial institutions. An inbound external transfer moves funds into your Capital One account from a non-Capital One account. An outbound external transfer moves funds from your Capital One account to a non-Capital One account. You must link your non-Capital One account(s) to your Online Banking profile to use them for external transfers.