ACH Originations & Wire Transfers
Product Description
These are quick and reliable ways to transfer money electronically. Transfers may be made to other members of the credit union or entirely different financial institutions.
- ACH Originations: An electronic funds transfer that can be done on a “One-Time” or recurring basis.
- Wire Transfers: An electronic funds transfer where funds are sent through a third-party and made available almost immediately in most cases. Wires may be set up on a “One-Time” or recurring basis.
Minimum Requirements
All ACH Origination and Wire Transfer requests must be submitted in writing and signed by the requesting member. All parties involved in any incoming or outgoing electronic transfers will be run against the OFAC SDN list to mitigate risk to the Credit Union. Please ensure that ALL fields of the request forms are filled out and the information is correct and accurate.
Account Specifications
Features & Benefits
- Member can send funds to other members or non-members in the United States and internationally (given that all parties involved pass the OFAC scan)
- Easy way to transfer large sums of money or make payments
- Funds availability depends on transfer type and time the transfer was initiated