Funds Transfer allows you to automatically transfer funds online, between your own LGFCU accounts and any other LGFCU accounts, on a one-time or recurring basis. You can make recurring transfers for a specific time frame by number of occurrences or dollar amounts from your LGFCU Share Savings, Money Market or Checking accounts.
You can also make payments to your LGFCU Visa® Credit Card through Funds Transfer. A set monthly payment must be transferred, even though the minimum payment amount for the credit card may vary.
Funds Transfer payment dates
If a Funds Transfer effective date falls on a weekend or holiday, the funds will be transferred on the prior business day.
When sufficient funds are not available to complete the transfer, the Funds Transfer system will check the balance of the deposit account daily beginning on the predetermined date and will only process the transfer when the full amount is available.
The Funds Transfer system will monitor the balance for 60 consecutive days to complete the authorized transfer, and if unsuccessful will become inactive. No charges are assessed on either the debiting or crediting account when funds are not available to complete the transfer. However, a late charge may be assessed if a loan payment is not made in a timely manner in accordance with the promissory note.
