I moved money between accounts? Am I going to get flagged for 'large deposits'?

Will moving money between accounts get flagged?

You moved money from one account to another and want to know if mortgage lenders will flag this as a large deposit that needs documentation.

Lenders typically ask about deposits that are larger than usual for your account or above a certain dollar threshold. Moving money between your own accounts usually doesn't create the same documentation requirements as receiving money from outside sources like gifts, bonuses, or loan proceeds. The lender can see both accounts during underwriting and track where the money originated.

Check your bank statements to see how the transfer appears. Internal transfers between your accounts commonly show up with clear descriptions like "Transfer to Checking" or "Online Transfer." If the transfer shows your name on both accounts, documentation is typically straightforward. Large deposits that raise questions usually come from sources outside your existing accounts.

If the transfer amount seems large compared to your usual account activity, gather statements from both accounts showing the movement. You can also ask your bank for a letter explaining the transfer. Share the statements with your lender and they can walk you through what documentation they need for your specific situation.