Move money when and how you choose*
At TIAA Direct, you have choices. You can make one-time and recurring transfers between your deposit accounts online, using the TIAA Direct Mobile Banking app, Text Banking, Telephone Banking and at ATMs.
You can also transfer money online between TIAA Direct and your accounts at other financial institutions, also known as your ‘external’ accounts.
Log in to Online Banking and choose the Transfers tab. Select a one-time or recurring transfer and follow the easy steps.
Yes, banking regulations limit the number of certain types of withdrawals and transfers that can be made from savings and money market accounts to 6 per statement period (e.g. Jan 1 – Feb 1 or May 15 – June 15). Here’s a quick rundown of what does (and does not) count toward the limit:
|Does this transaction...||...Contribute to the Limit?|
|Checks written from a TIAA Direct Money Market Account||Yes|
|Cash withdrawn at an ATM||No|
|Transfers made at an ATM between your TIAA Direct accounts||No|
|Transfers made from tiaadirect.com to another TIAA Direct deposit account, such as Interest Checking||Yes|
|Transfers made at tiaadirect.com to an external account you own at another financial institution||Yes|
|Transfers made using the TIAA Direct Mobile Banking app||Yes|
|Transfers made by calling TIAA Direct Banking Services||Yes|
|Transfers from your savings or money market account to cover overdrafts using our Overdraft Protection service||Yes|
|Pre-authorized or one-time withdrawals by a third party (for example, a utility company that automatically deducts a payment from your account)||Yes|
Funds can be wired to your TIAA Direct bank accounts (to fund a new account or to transfer funds into any existing accounts except CDs) from any U.S. bank.
Here’s the information you need to provide:
|Bank name|| Citibank, N.A. (NY) |
(Why does TIAA Direct use another bank to receive wires? It’s a common practice that helps us to maintain our low fees).
|ABA routing number||021000089|
|TIAA Direct account number with Citibank||30995037|
|Beneficiary name||TIAA-CREF Trust Co, FSB|
|Beneficiary address|| 211 N. Broadway, Suite 1000 |
St. Louis, MO 63102, USA
Additional Required “For Further Credit To” Instructions
You should also provide the following information:
|Your account number||TIAA Direct account number|
|Your name||Full name as it appears on your TIAA Direct account|
|Your address||Mailing address as it appears on your TIAA Direct account|
Note: Wires are processed on business days, not on weekends or bank holidays. Your funds are available if the wire is received and processed by 4pm ET.