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Our ACH Fund Transfer allows Bank of Geneva customers to transfer funds from (or to) accounts they have with us and accounts at other institutions.
Individual & corporate customers can use ACH transfrers to:
- Transfer funds to their loan or account at another bank
- Make a loan payment on a loan at another bank
- Transfer funds to their loan or account at our bank
- Make a loan payment on a loan at our bank
The customer authorizing the transfer must be an account owner for both the source and destination accounts.
This transfer occurs electronically in a secure environment.
Our free Online Bill Pay is useful when you wish to transfer funds and you are not the accountholder for both the source and destination accounts. Our free Online Bill Pay also allows for electronic payments, when possible*. Bill Pay could be used in cases where you wish to send funds to another party, including individuals.
(*) i.e., If the receiving party does not currently have an electronic relationship with our bill pay vendor, a paper check is sent via the mail.