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Why e-Transfer?
The e-Transfer service offers you a cost effective method of transferring funds through the secure ACH network (same as Direct Deposit) between financial institutions where you have account relationships.
e-Transfer will allow you to
* Transfer funds from another financial institution to your ECU account for Free.
* Transfer funds from your ECU account to another family member's ECU account for Free.
* Transfer funds from your ECU account to another financial institution for $2.00 per transfer.
If you wish to transfer funds within your own account use the "transfer" option located under the "Accounts" button on your Home Banking page.
e-Transfer Parameters
* e-Transfer is self enrolling, just accept the Disclosure, and start
* Minimum transfer is $50.00.
* Maximum transfer is $3,000.00.
* Up to three transfer per day.
* Not to exceed fifteen transfers per week, not to exceed an aggregate transfer amount of
$10,000.00 per month
* A $35.00 fee will be assessed for each failed transfer due to insufficient funds or
unavailable for transfer.
e-Transfer Set-up
* Set-up all of your financial institutions
* A deposit and withdrawal test transaction will post to each of the accounts you set up.
* You will use these test transactions to "Activate" your e-Transfer accounts.
eTransfer Recommendations
Contact your financial institutions and ask for their ACH Routing Number. By contacting your financial institutions directly you ensure that the correct information is set up and that the test transactions will post correctly.
Cut-off time is 7:00 a.m. Central for a transfer request to be considered the same business day. Transfers requested after 7:00 a.m. Central are considered the next business day.
Set up your financial institution's account information as soon as possible so that when you are ready to make a transfer all of the validating steps are out of the way, thus avoiding an additional 2-business day wait.
Transfers, dependent on when initiated (before same day cut-off, or after same day cut-off) take 3 to 4 business days to post to the receiving financial institution.
Additional help-please contact ecufinancial@ecudallas.org.
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