Add Recurring Book Transfer

Three screens are involved in the process of adding a recurring book transfer. In the first screen, Add Recurring Transfers, you enter the specific transfer information. Using this screen you add one recurring book transfer at a time. In the second screen, Recurring Transfer Verification, the transfer information is presented and confirmation is required in order to process the transfer. The third screen, Recurring Transfer Confirmation, provides a confirmation message if the transfer was successful or an error message if the transfer was not successful.

Entering a Recurring Book Transfer

1. Select the Book Transfer option on the Funds Transfer menu, and then click Add Recurring Book Transfer. The Add Recurring Book Transfer screen appears.

2. Select the account FROM which you will transfer funds using the From Account drop-down list.

3. Select the account TO which you will transfer funds from using the To Account drop-down list.

4. Enter the amount to transfer and the start date. The Start Date may not be the current date or a prior date. The format for the date is MM/DD/YYYY.

5. (Optional) When the "To Account" is a loan you can select a Loan Payment Type. If you select Multiple Payments as a loan payment type then you will also need to define the Number of Payments.

Note: A multiple payment is prepayment of your scheduled loan payments. The amount you enter must equal the number of payments you are making.

Regular Payment may be the only payment type available with your financial institution.

6. (Optional) Enter a description for the transfer in the Transfer Memo field. (The Book Transfer Description will not be sent to the DATA PROCESSING VENDOR.)

7. Select the frequency of the transfer.
    

   Note: Weekly Payments – The Start Date must match first Weekly Payment.
   Monthly Payments – The Start Date must match monthly date.
   Twice Monthly Payments – The Start Date must match one of the two twice-monthly dates.

8. Enter the number of transfers or the End Date for the recurring transfer. The year cannot exceed 2031, and the date must be greater than or equal to the start date.

9. Enter the Email Address of the person who will receive notification of whether transfer has been sent successfully.
    

   Note: Transfers are processed on the date specified and a confirmation email will be sent to the email address specified. If the transfer cannot be processed, the system will send an email noting the error and the transfer will be deleted on the end date.

10. Verify that all information is correct. You can click the Reset button to clear all of the fields if necessary.

11. Click the Add button. The Transaction Verification screen appears displaying the information entered on the previous screen.

3. Click the Submit button to proceed with scheduling the recurring transfer and display the Transfer Confirmation screen; or click Cancel to return to the Add Recurring Transfer screen.