3 Easy Ways to Transfer Your Money

two friends transferring money

Transferring money from an account at one financial institution to another used to be a headache, or at the very least, required a trip to the post office to mail a check, but today there are three easy ways to accomplish this task with Hanscom Federal Credit Union — no pain meds required. Here are three ways you can get your money where it needs to be:

1. External Transfer

You'll need your financial institution's routing number and account number to set up a transfer through Hanscom FCU's Online Access.

  • Log into Online Access and click "External Transfer" in the left sidebar. This will open up your Payment Center.
  • Click on the "Transfer Money" tab at the top.
  • If you haven't set up an account to which you want to transfer, click on "Add an Account" in the text block titled "Transfer Money With Other Financial Institutions." In the screen that follows, you'll be asked for your financial institution's routing number and your account number. Two test deposits and one test withdrawal will be sent to this account from Hanscom FCU within two business days; you will be asked to add the two deposit amounts in order to verify you own the account.
  • If the account is already set up, in the drop-down menu select the Hanscom FCU account you want to withdraw from and the external account you would like to transfer to, along with a dollar amount and transfer date. You can make a one-time transfer or schedule repeating transfers.
  • Click the "Preview Transfer" button to review your transfer. If it looks correct, click the "Make Transfer" button and you're done! Not looking right? Click "Make Changes," and repeat the process of previewing your transfer till things look right.

2. Popmoney

Popmoney lets you send money to a person or charity. All you need is an email address! Here's how to do it through Online Access:

  • Log into Online Access and click "External Transfer" in the left sidebar. This will open up your Payment Center.
  • Click on the "Popmoney" tab at the top.
  • Enter your payment information in the screen below, including an email address for the person or charity to whom you wish to transfer money, a dollar amount, the account you wish to use for the transfer, and when you want the transfer to occur. You can even set up repeating transfers!
  • Click the "Continue" button.
  • Verify your payment on the next screen and if all looks well, click "Send Payment." Need to make changes? Click the "Edit" button and repeat the step above before clicking "Send Payment."

3. Wire Transfer

There are some times in your life when you need to wire money domestically or overseas. We've got you covered!

Visit our Wire Transfer page on our website and click on the "Outgoing Wire Transfers" tab. Here, you'll get a list of the information you'll need to initiate a transfer. From here, click on the "Forms" tab and download either the Domestic Wire Transfer form (for U.S. financial institutions) or International Wire Transfer form (for foreign financial institutions). Bring the form to local branch, mail it to our Operations Department at 25 Porter Road, Ste. 100, LIttleton, MA 01460-1434, or fax it to 978-952-8533. You can also call 800-656-4328 and ask to speak with a Remote Support specialist for assistance.

 

If you want a better understanding of how your money comes and goes, our Money Management Planner can help. This 12-page workbook will guide you through the process of creating a spending plan with tips and worksheets to help you. Download your free copy to get started today

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