![]() How, and when, do I verify the trial deposits?Ī. Secondly, we use this as a way to verify that you have access to the account that you are transferring funds to and from. First, we want to be sure that the account numbers and routing numbers were correctly entered to eliminate any delays when you make transfers going forward. Why do you need to make trial deposits into my other account?Ī. Two of these deposits will be sent within one to two business days. A trial deposit is a small, random amount that will be deposited to your external account to verify the account and routing number you provided for your other institution. What is a trial deposit (or micro-deposit)?Ī. Once you have verified the amounts of these transactions (ensuring that you are the true owner of the other account), you will be able to begin making transfers. We will then send two trial deposits (also called micro-deposits) to ensure we have the correct information. To enroll an account, you will need the other institutions name, nine-digit routing number, your account number at that institution and the account type. To set up a Bank to Bank transfer, you will need to establish your external account(s) within your Online Banking account. What information is needed to set up a Bank to Bank transfer?Ī. It’s easy! Just contact a Personal Banker or Client Care representative who will begin the process for you. ![]() How do I request access to Bank to Bank transfers?Ī. In regards to Wire Transfers, Bank to Bank transfers cost less, and can be managed fully from your Online Banking account. Because these transfers are processed via ACH, they are processed faster than if you set up a Bill Payment check to be mailed to the other institution, but are not same day (like a Wire Transfer). Bank to Bank transfers are an effective way to send OR receive funds from an external account at another institution. What are the benefits of using Bank to Bank transfers, rather than Wire Transfers or Online Bill Payment?Ī. Outgoing (funds deposited to another institution) transfers are made through ACH to a checking or savings account within the United States. You are restricted to outgoing transfers of money between your personal HELOC or PLOC at KS StateBank and accounts at other institutions. If you are a client that only has a Home Equity Line of Credit (HELOC) or a Personal Line of Credit (PLOC) at KS StateBank, you can use Bank to Bank Transfers. Can I have Bank to Bank Transfers for my loan account?Ī. Bank to Bank Transfers are available for new accounts in good standing after a 60 waiting period. Transfers (made through ACH) can be incoming (funds deposited to KS StateBank) or outgoing (funds deposited to another institution) and either to or from a checking or savings account within the United States. ![]() If used, you can transfer money between your personal deposit accounts at KS StateBank and accounts at other institutions. Bank to Bank Transfers are an optional feature that can be turned on within Online Banking for retail clients.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |