Water has been successfully employed as a reagent with which to rehydrogenate aminoboranes (e.g., iPr2N=BH2, 2,2,6,6‐Me4C5H6N=BH2, and also transient Me2N=BH2 derived from 1/2[Me2N‐BH2]2) to amine–boranes (e.g., iPr2NH·BH3, 2,2,6,6‐Me4C5H6NH·BH3, Me2NH·BH3) in approximately 30 % yield. The conversion to amine–boranes from the corresponding aminoboranes using this method represents an example of a metal‐free, single‐step route for the hydrogenation of the B=N bond. Deuterium labeling studies indicated that the protic hydrogen (N–H) on the rehydrogenated amine–borane was derived from H2O, whereas the third hydridic hydrogen (B–H) on the amine–borane was generated from the formation of a postulated hydride‐bridged intermediate H2B(μ‐H)(μ‐NR2)B(OH)H (R2 = Me2, iPr2, 2,2,6,6‐Me4C5H6), which requires a second equivalent of the starting aminoborane, thus explaining the low yield. Formation of insoluble borates (BxOyHz) provides a driving force for the reaction. Significantly, the yield can be increased by adding a sacrificial source of BH3 (e.g., to ca. 53 % for BH3·THF) or by adding a separate source of H– (e.g., to ca. 95 % for LiBH4) to complement the H+ (from H2O) in a more atom‐efficient reaction.