Transfer funds from an overdraft protection account to a checking account

1. On the Payments & transfers page, click Internal. The system displays the Internal transfer form.

2. From the From account drop-down list, select the originating demand deposit loan account. The system displays the available credit balance of the account that you select from the From account drop-down list.

Note:

If you do not have permissions to inquire on accounts, the system does not display the account balance information under the From account field.

3. From the To account drop-down list, select the destination demand deposit account. The system displays the available balance of the account you select from the To account drop-down list.

Note:

• If you do not have permissions to inquire on accounts, the system does not display the account balance information under the To account field.
• If you select a closed account from the To account drop-down list, the system does not display the available balance for that account

 

4. In the Date field, either accept the default date that the system provides, select a date from the date picker, or type a new date in the MM/DD/YYYY format. The system defaults to the earliest available transfer date. This is the date that the system completes the transfer.

Note:

Based on your account settings, you may not be able to transfer funds past the certain date.

5. Next to the Date field, the system displays the Repeat check box. Select the Repeat check box to set the frequency for the transfer that you are issuing.

   Frequency

   Select the recurrence of the transfer that you are issuing. Weekly indicates that the transfer occurs each week Every two weeks indicates that the transfer occurs every fourteen days Twice monthly indicates that the transfer occurs two times a month Monthly indicates that the transfer occurs every month Every two months indicates that the transfer occurs every two months Quarterly indicates that the transfer occurs every three months Every six months indicates that the transfer occurs every six months Annually indicates that the transfer occurs every 12 months

   Repeat the transfer

   Select the total number of transfers that the system is yet to issue. Depending on the transfer frequency that you select from the Frequency drop-down list, select one of the following. Until I delete it indicates that the system issues the internal transfers until you delete the transfer.   Note: If you select this option, the system repeats the transfer 999 times. For the total number of <blank> times indicates the number of times that you want the system to issue the internal transfer. The number of recurrences can be as low as two times and as high as 999 times.   Example: If you type the number 3 in the text box, the system repeats the transfer two more times after the initial transfer The initial transfer is the transfer that the system initiates at the time you create an internal transfer.. Until indicates the date that you want the system to stop issuing the internal transfer. Type the date in the MM/DD/YYYY format or select the date.   Note: Ensure that the date you type or select here falls after the date that you already typed in the Date field.   If the projected last date falls on a date when the financial institution is closed, Business Online makes your last transfer on the next open date. For example, if the last projected transfer date falls on a Sunday, Business Online completes the last transfer on the following Monday.   Important: This option calculates the number of times that the system can issue the internal transfer. If you create an internal transfer using this option, the next time that you edit the transfer, the system displays the For the total number of times option with a number in the text box.

    
6. In the fields that the system displays in the Amount row, type the US dollar amount to transfer.
7. Optional: In the Description field, type a description of the transaction.

8. Click the Preview transfer button. The system displays a preview of the transfer.

9. Verify the transaction details and then complete one of the following actions.

   To	Click this button
   Complete the transfer	Click Complete transfer. Based on your internal transfer template settings the system either displays a success message along with a reference number or a pending approval The system displays any of these transfer statuses: pending approval, pending client approval, pending administrator approval, and pending supervisor approval. Additionally, if your transfer exceeds transfer review threshold and daily limit, the system requires additional approval before issuing a transfer. message along with a reference number. Make a note of the reference number in case you have any questions about the transfer in the future.   Note: After you have successfully issued an internal transfer, the system displays a print icon (). Click the print icon to print the issued internal transfer.   Or   Click Create another transfer to initiate a new transfer.
   Edit the transfer	Click Edit to modify the information you established for the transfer. The system displays the Edit button only: If you have rights to create the same internal transfer on the current business day. That means: You have the rights to select an account from the From account drop-down list. You have the rights to select an account from the To account drop-down list along with the payment type when the transfer that you are editing is "Transfer to a loan account from Checking or Savings account." Next to the transfer that you issued.
   Cancel the transfer	Click Cancel to cancel the transfer.