External Transfers allows you to send money to anyone along with send and receive money to/from your own accounts at other financial institutions.
External Transfers is easy and convenient for you and the people you send money to. They can simply receive the money into their account online. Funds are transferred as soon as the next business day. If funds are being sent to another person, they would need to be claimed by the person they are being sent to.
Some uses for External Transfers are:
- Send money to your child at college
- Pay back friends for that fun outing
- Pay your babysitter or your lawn care service
- Pay rent to your landlord or roommates
- Transfer money to your other accounts