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Can I transfer money to and from an external bank account?
Yes. Some credit unions and banks offer the option to transfer money to and from external bank accounts. Telephone and online banking make external transfers fairly simple, too. Before you send money to an account, you will need to set up the transfer with information about the receiving account. The following steps can help when making external transfers using online banking.
- First, link the paired accounts. Because you are moving funds from one bank or credit union to another, you will need to select the external transfer option.
- Make sure you have all the information needed regarding the receiving bank account, including the routing number, account number, and account holder’s name.. Input this where prompted online.
- Establish the day you want the payment to send. Keep in mind, too, that it can take a few days for the external account to be confirmed and the transfer to process.
Your local bank or credit union’s tellers can assist you with external transfers, too. Be sure you have all the necessary account information to set up the payment.
Education Credit Union, which is located in cities throughout West Texas, offers online banking and a mobile banking app with the options to transfer or receive money from accounts from other financial institutions.