Financial Institution to Financial Institution Transfer Service
This Service allows you to transfer funds to or from your CMECU checking or savings accounts, to or from accounts you may have at other financial institutions. An inbound transfer moves funds into an account at CMECU. An outbound transfer moves funds from an account at CMECU to an account outside of CMECU. You will need to enroll each of your non-CMECU accounts that you wish to use for this Service. You agree that you will only attempt to enroll accounts for which you have the authority to transfer funds. All accounts requested to be used as part of this Service will be verified in accordance with CMECU procedures. The verification process must be completed by you prior to using the Service. You will have 10 days after enrolling an account to complete the verification process.
Funds requested to be transferred will be debited/credited to your CMECU account the business day following the day you initiate the transfer, provided you have met the FIs cutoff time for submitting transfers. The cutoff time for initiating transfers is 6:30 P.M. Funds requested to be transferred will be debited/credited to the non-CMECU account according to the receiving FI's availability and transaction processing schedule.
- Ten inbound transfers per day not to exceed a total of $5,000
- Ten outbound transfers per day not to exceed a total of $5,000