Transferring funds from one member to another
Use these instructions to understand how a member of a credit union can use Banno Mobile to transfer funds to another member of the same credit union.
- Select the main menu, and then select Member transfer.
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Complete the fields in the form.
- From
- Selecting this field makes a screen appear where the end users can select from accounts to transfer funds from. The accounts available to choose from are limited to those belonging to the end user's primary financial institution.
- Member name
- In this field, the end user inputs the first three letters of the receiving member's name. Only three characters are allowed in this field.
- Member #
- The end user enters the member number of the member they want to transfer funds to in this field.
- Type
- The end user selects between Share (S) and Loan (L) to indicate the Type.
- Share/Loan #
- The end user inputs the share or loan number for the receiving member's account, up to four characters.
- Amount
- The end user inputs the transfer amount in this field. There is no character limit.
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Select Submit.
A confirmation message appears.
- Select OK.
Parent topic: Member-to-member transfers