Transfer Instructions – Channel Financial Advisor's Financial Wellness Program

Instructions for Setting Up Recurring Transfers From Your Main Checking Account To Another Bank

Instructions as of 6/8/2017, subject to change by the financial institution.

To make it easy for you, at the very bottom of this email are the instructions on how to set up a recurring automatic transfer from your main checking account to another financial institution (it's smartest to have your separate savings account not at the same bank as your checking account) for the largest banks in the US, including:

Chase
Bank of America
US Bank
Citi Bank
TCF
Wells Fargo
Capital One
Ally

Don't worry if your bank isn't listed. Since bank processes are typically very similar, just look at the instructions for Chase bank and you'll get an idea of what you need to do.

Chase (Instructions as of 6/8/2017)

How to set up an account transfer from your Chase bank account to an account held at another bank.

Login to your account at Chase: https://www.chase.com/
From the menu in the upper left, select “Pay & transfer” and from the dropdown select “Transfer money”
From the sub-menu, select “Add external accounts" (see Image 1 below)

Follow the steps to add a new account and enter the account information and routing number for your external account.
Verify account ownership by confirming two small deposits have been made into the non-Chase account and then enter the deposit amounts on the Chase website after you've logged in. It may take 3-5 business days for the deposit amounts to appear.
Start Transfers. Designate your desired “to” and “from” accounts, then enter the transfer amount and the date you want it to occur. If you would like to set it up to happen every month, select, “recurring”.

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Bank of America (Instructions as of 6/8/2017)

How to set up an account transfer from your Bank of America bank account to an account held at another bank.

Login to your account at Bank of America: https://www.bankofamerica.com/
Select “Transfers” in the Activity Center or select the “Transfers” tab

In the drop down menu, select “At other banks”

Enter in the following information: - Routing number of bank you want money to transfer TO- Account number of bank account you money to transfer TO- Name on Account - Amount to transfer and frequency option
Once you have entered that information, you will receive a confirmation

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US Bank (Instructions as of 6/8/2017)

How to set up an account transfer from your US Bank checking account to an account held at another bank.

Login to your account at US Bank: https://www.usbank.com
Select “Transfers & Payments”, then, “Transfers”, and then “External Transfers”.
Add your external account.
Follow the steps to add a new account and enter the account information and routing number for your external account.
Verify account ownership by confirming two small deposits into the external account.
Start Transfers. Designate your desired “to” and “from” accounts, then enter the transfer amount and the date you want it to occur. If you would like to set it up to happen every month, select, “recurring”.

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Citi Bank (Instructions as of 6/8/2017)

How to set up an account transfer from your Citi bank account to an account held at another bank.

Login to your account at Citi: https://online.citi.com
From the home login screen, select the “Transfers” tab.

Select “Add an External Account”

Enter in the bank and your account information that you would like to transfer funds to. You will need:
- Name on the account
- The routing number
- Your account number

Once your external account has been added, go to the “Transfers” tab and then select “Set up a Recurring External Transfer”.

Select the “From Account”. Then select the “To Account”
Enter the amount you wish to transfer. Name the transfer, select the delivery speed

Select the Frequency, and length of time and hit “next”.

Confirm the information is correct

TCF (Instructions as of 6/8/2017)

Currently, TCF Bank only allows for transfers to other banking institutions via wire transfer or set up recurring transfer as a “bill” in automatic bill payments. By year end they will have bank to bank transfer capability.

Wire Transfer:

To send a wire transfer, please visit a TCF Bank location. Wire instructions through email or fax will not be accepted because proper identification is required and your signature must be witnessed by a representative of the bank. There is a fee for sending a wire transfer. For details, please refer to your Deposit Account Services and Prices Schedule, or call 1-800-TCF-BANK (823-2265).

Domestic wire transfers:
Receiving Bank ABA Number and Name
Beneficiary Name, Account Number and Address

International wire transfers:
Beneficiary Name, Account Number and Address
Receiving Bank Name, City, County and SWIFT Code
Other Country-Specific Information:

*TCF does not have a SWIFT code because TCF is not an international bank. The sending bank will usually have a correspondent relationship with a bank in the United States who then routes the funds to TCF.

Setting up your outside checking account as a monthly bill:

1. Enroll in TCF online Banking. To add Online Bill Payment to your existing TCF online banking service:

Log in to Online Banking
Select Bill Payment Tab
Select Enroll

2. Set up your outside savings account as a monthly eBill. Once you have an eBill set up for a payee (in this case, your outside account savings), it typically takes 1-2 “billing cycles” for you to begin receiving your “bill” online.

Wells Fargo (Instructions as of 6/8/2017)

To transfer funds to and from your accounts at another financial institution:

Sign on to Wells Fargo Online from your browser (https://www.wellsfargo.com/), or sign on to the Wells Fargo Online app from your mobile device.
Under Transfer and Pay menu, select Transfer Money.

Under "My non-Wells Fargo account" select "Add"
Enter your other bank’s information, including the routing and account numbers.
Review your information to confirm it’s correct before you continue.

To enable Non Wells Fargo account for Transfers, additional security measures are required to verify your ownership of the account. Verification may take 3-5 days. In the meantime, you can use the Non Wells Fargo account for payments to your Wells Fargo credit accounts such as home equity lines of credit and loan accounts, credit card accounts, auto loan and mortgage loan accounts. There are no fees for Bank-to-Bank Transfers.

Once you've verified your non-Wells Fargo account, click the "Transfer & Pay" tab and then select “Transfer Money.” Enter in the information found on this page, using your Wells Fargo account for "From" and your external savings account for "To." Then click "Continue" to verify the request.

Capital One (Instructions as of 6/8/2017)

How to set up an account transfer from your Capital One bank account to an account held at another bank.

Login to your account at Capital One:: https://www.capitalone.com/
Select the “External Links” tab

Make sure you have:
- The outside bank routing number
- Your outside bank account number

Once you have set up your Capital One Checking to accept transfers to an outside account. You will select the “Transfers” tab.
You will then be able to select which account you would like to set up a transfer. If you would like it to happen automatically, you can set that up with the prompts as well.

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Ally (Instructions as of 6/8/2017)

How to set up an account transfer from your Ally bank account to an account held at another bank.

Login to your account at Ally: https://www.ally.com/
Select “Transfers”, then select “Manage Non-Ally Accounts”
A series of prompts for the following information:
- Routing number of your bank you wish to set up the transfer.
- Account number of your account.
- Account type (Checking, Savings, etc..)

Ally will deposit a very small amount of money into the account and ask that you verify the deposit to ensure it is set up.
Once you've verified your non-Ally account, go to "Transfers" and follow the steps to transfer money and continue to verify the request.