Multi-Account Transfers

Corporate Users with draft and/or approval rights for account transfers can process multiple transactions at one time. The grouped transfers can have the same or different process dates.

Multi-Account Transfer templates share the same methodology used by standard commercial templates; for example, each template requires a unique name and the creator can specify who else can use them. One difference is that the system assigns a batch ID to each Multi-Account Transfer template so that the transfers can be approved or reviewed together as a batch later.

Multi-Account Transfers can eliminate time spent on manually funding accounts and simplify tracking of transfers and reconciliation through cross-referencing of account numbers on bank statements. This feature is only available in the Corporate product.

Note:  The Multi-Account Transfers feature is not available on mobile/handheld devices.

To perform Multi-Account Transfers

  1. In the navigation menu, click or tap Transactions > Funds Transfer.
  2. Click or tap the Multi-Account Transfers tab.
  3. From the Multi-Account Transfers tab, do one of the following:
    • Click or tap Create Template, then create a transfer template and click or tap Next.
    • Click or tap Transfer Funds.
    • Click or tap an available template, then click or tap Next.
  4. Select an account in the From Account drop-down list.
  5. Select an account in the To Account drop-down list.
  6. Enter an amount in the Amount field.
  7. Repeat steps 4–6 for multiple transfers.
  8. (Optional) Click the copy icon () to duplicate transfer criteria.
  9. (Optional) Click the delete icon ()to delete transfer criteria.
  10. (Optional) To add more transfers, enter the number of additional transfers in the more transfer(s) field, then click or tap Add.
  11. Click or tap Next.
  12. Select a transfer date from the Select Date calendar.

Note:  To schedule a recurring transaction, click or tap Set Schedule, then select how often the transaction should repeat.

  1. (Optional) Write a note in the Memo field.

Note:  You can click or tap Push to All to apply this note to all transfers.

  1. Click or tap Approve.