You have several options when transferring money from one bank account to another. Some are less expensive than others, and some are even free. Money orders, wire transfers, checks and cash are just a few ways to move your money. Many of the fees associated with transferring funds revolve around how much money you are taking out of your account and where you are sending it.

Step 1

Check with your bank to find out if there are any fees associated with taking money from your account. You may have to pay fees for withdrawing money over a certain amount or withdrawing money in a certain time frame from certain types of accounts. It may also be necessary to keep a specified amount of money in your account to keep it open or to avoid paying fees. This will all depend on the type of account you have and your bank's policies. Knowing your bank's policies will help you determine the best method of withdrawing your money.

Step 2

Withdraw money from the bank account you want to transfer money out of. This can be done by writing a check, withdrawing cash, getting a cashier's check, purchasing a money order for the amount you want to withdraw, or doing a commercial or bank wire transfer. Most of these services are offered at your bank. Be aware that many banks charge higher money order fees than places like grocery stores and post offices, which also sell money orders. Post office money orders are around $4 each, and you can send up to $10,000 in money orders each day, using individual money orders with a maximum of $700. Bank money orders cost around $10 each, and you can send a maximum of $1,000. Wire transfers may also cost money, and they may cost more if they are to an international bank account. If you are doing an electronic transfer, you will need to provide the account number, bank name and location and the bank's routing number to the sending bank to make sure the money goes into the correct account.

Step 3

Deposit the money in whatever form you have taken from the first bank into your second account. A trip to the second bank will be necessary if your money is in the form of a check, money order, cashier's check or cash. Take your identification with you when you go. Give the deposit a few days to clear. Check your account balance and statement by calling your bank or looking at your statement online to be sure the money made it successfully into your account.