Transfers

Banno Online offers several options for money transfers.

Internal transfer
Internal transfers are transfers where both the From and To accounts are part of one financial institution (FI).
External transfer
External transfers are transfers where either the From or To account are associated with a separate FI.
Immediate transfer
Immediate transfers are transfers that are processed as soon as possible. Available processing dates may affect immediate transfers.
Scheduled transfer
Scheduled transfers are given a future date to process. Available processing dates may affect scheduled transfers.
One-Time transfer
One-time transfers are processed once, whether they are scheduled to process in the future or processed immediately.
Recurring transfer
Recurring transfers happen on a schedule based on user-provided criteria.
  • Creating transfers
    Banno Online can create one-time transfers, scheduled transfers, and recurring transfers. Banno Online can create internal transfers within the financial institution (FI) and external transfers from one FI to another.
  • Editing transfers
    After an end user creates a scheduled transfer, they can still modify or delete it if it was created from Banno Online or, usually, from Banno Mobile.
  • Adding an account for external transfers
    With Banno Online, end users can make transfers to and from external accounts added to their online banking.
  • Member-to-member transfers
    A member of a credit union can use Banno Online to transfer funds to pay another member of that credit union.
Parent topic: Online