Automatic Transfers
What happens if I don't have sufficient funds in
my account on a day when an automatic transfer is supposed to be
made?
If my loan payment is supposed to be made by
automatic transfer, why wasn’t the payment made?
How do I change an existing automatic
transfer amount?
My transfer date falls on a non-business day,
so when will the transfer take place?
Can I sign up for an automatic transfer to
pay my car loan from an account at another financial institution?
Can I get a rate discount on my car loan
if I pay it with an automatic transfer from my savings account
rather
than my checking account?
What happens if I don't have
sufficient funds in my account on a day when an automatic transfer
is supposed to be made?
If sufficient funds for an automatic transfer are not available
on the scheduled transfer date (either in a member’s account
or from designated overdraft sources), the system continues
to look for the funds each subsequent business day and will transfer
the funds when it finds them.
If my loan payment is supposed to
be made by automatic transfer, why wasn’t the payment made?
Please contact us so we can research that for you.
How do I change an existing
automatic transfer amount?
To change or stop a transfer, please call
us or complete and submit
a new transfer
authorization form. Your instructions on the new form will
replace your existing authorization. Be sure to re-list ALL deposit
and
payment amounts you wish to continue. If you leave them off, they
will be dropped.
Please make sure we receive your written authorization at least
5 business days before your transfer date in order to change or
stop the transfer.
My transfer date falls on a non-business
day, so when will the transfer take place?
The transfer will take place on the first business day after the
transfer date if it falls on a weekend or holiday.
Can I sign up for an automatic transfer
to pay my car loan from an account at another financial institution?
Yes, we offer that service for car loans, personal loans and home
equity loans. We call that an ACH draft. Contact us for help setting
that up.
Can I get a rate discount on
my car loan if I pay it with an automatic transfer from my savings
account
rather than my checking account?
You are eligible for a rate discount from a savings account transfer
only if a direct deposit is going into it.
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