Transfers - OLB Help

Transfers

Transfers are used to move funds between your Farm Credit accounts. You can submit a Transfer by either clicking on the New Transfer button , or if you have Transfer Templates established you can select them from the Choose Template drop down list.

1. New Transfer

• From the Account Transfers page initiate a new transfer by clicking on the New Transfer button.
• On the New Account Transfer page, select the from account from the From Account drop down list and the to account from the To Account drop down list.
• Enter the amount of the transfer in the Amount field.
• The date will default to the current date. You can future date the transfer by either keying in a future date or selecting a date from the calendar icon . If you use the calendar icon, note that the calendar will open in a separate browser window. Please note that the cutoff time for transfers is 3:00 PM Mountain time. If you enter a transfer after 3:00 PM Mountain Time the transfer will be processed on the next business day.
• Please note the Transfer Instruction drop down list.
  • The default for this list is 'To pay amount billed, excess to principal'. If you want the excess to be posted differently than the default, select another instruction from the drop down list.
• Click the Transfer button to send the transfer. You will be presented with a Verify Account Transfer screen where you can verify that the transfer instructions are correct. If the transfer is correct, click Send Transfer. If you want to make a change to the transfer click the Back button. If you wish to not send the transfer, click the Cancel button.
• If you clicked the Send Transfer button, the next screen will confirm that the transfer has been sent and will provide you with a reference number for the transaction. Click the Done button to return to the main Account Transfers screen.

2. Transfer From a Template

• From the Account Transfer page select a Transfer template from the Choose Template drop down list and click the Load button.
• On the New Account Transfer screen, you will see the From Account and To Account already populated based on the template selected.
• Proceed to entering the amount of the transfer in the Amount field.
• The date will default to the current date. You can future date the transfer by either keying in a future date or selecting a date from the calendar icon . Please note that the cutoff time for transfers is 3:00 PM Mountain time. If you enter a transfer after 3:00 PM Mountain Time the transfer will be processed on the next business day.
• Please note the Transfer Instruction drop down list.
  • The default for this list is 'To pay amount billed, excess to principal'. If you want the excess to be posted differently than the default, select another instruction from the drop down list.
• Click the Transfer button to send the transfer. You will be presented with a Verify Account Transfer screen where you can verify that the transfer instructions are correct. If the transfer is correct, click Send Transfer. If you want to make a change to the transfer click the Back button. If you wish to not send the transfer, click the Cancel button.
• If you clicked the Send Transfer button, the next screen will confirm that the transfer has been sent and will provide you with a reference number for the transaction. Click the Done button to return to the main Account Transfers screen.

3. ACH In

• An ACH In is a transaction where you transfer funds from an account you own at another financial institution to one of your Farm Credit accounts.
• In order to use ACH In you must first have read and agreed to the Electronic Funds Transfer Agreement. This agreement is presented to you the first time you access either the ACH In or ACH Out pages. Once you agree to the terms of the agreement you will be able to access the New ACH Transfer in Page.
• To initiate an ACH In transaction, click the New ACH In button.
• At the New ACH Transfer In page, select the account to move funds from by selecting it from the From Account drop down. If you do not see the account you want in the drop down then you will need to request to add the account. Click here to advance to the Add Account section.
• Once you have selected the account to move funds from, the To Account drop down list will populate with the Farm Credit account(s) eligible to move funds to. Select the appropriate account from the To Account drop down.
• Proceed to entering the amount of the transfer in the Amount field.
• The date will default to the next business date to reflect the actual posting date. You can change this date to a date beyond the next business date by keying in a new date or using the calendar . Please note that the cutoff time for an ACH In transfer is 3:00 PM Mountain time. If you enter a transfer after 3:00 PM Mountain Time the transfer will be processed one business day later.
• Please note the Transfer Instruction drop down list.
  • The default for this list is 'To pay amount billed, excess to principal'. If you want the excess to be posted differently than the default, select another instruction from the drop down list.
• Click the Transfer button to send the transfer. You will be presented with a Verify ACH Transfer In screen where you can verify that the transfer instructions are correct. If the transfer is correct, click Send Transfer. If you want to make a change to the transfer click the Back button. If you wish to not send the transfer, click the Cancel button.
• If you clicked the Send Transfer button, the next screen will confirm that the transfer has been sent and will provide you with a reference number for the transaction. Click the Done button to return to the main Account Transfers screen.

4. ACH In From a Template

• From the Account Transfer page select an ACH In template from the Choose Template drop down list and click the Load button.
• At the New ACH Transfer In page, select the account to move funds from by selecting it from the From Account drop down. If you do not see the account you want in the drop down then you will need to request to add the account. Click here to advance to the Add Account section.
• Once you have selected the account to move funds from, the To Account drop down list will populate with the Farm Credit account(s) eligible to move funds to. Select the appropriate account from the To Account drop down.
• Proceed to entering the amount of the transfer in the Amount field.
• The date will default to the next business date to reflect the actual posting date. You can change this date to a date beyond the next business date by keying in a new date or using the calendar . Please note that the cutoff time for an ACH In transfer is 3:00 PM Mountain time. If you enter a transfer after 3:00 PM Mountain Time the transfer will be processed one business day later.
• Please note the Transfer Instruction drop down list.
  • The default for this list is 'To pay amount billed, excess to principal'. If you want the excess to be posted differently than the default, select another instruction from the drop down list.
• Click the Transfer button to send the transfer. You will be presented with a Verify ACH Transfer In screen where you can verify that the transfer instructions are correct. If the transfer is correct, click Send Transfer. If you want to make a change to the transfer click the Back button. If you wish to not send the transfer, click the Cancel button.
• If you clicked the Send Transfer button, the next screen will confirm that the transfer has been sent and will provide you with a reference number for the transaction. Click the Done button to return to the main Account Transfers screen.

5. ACH Out

• An ACH Out transaction is used to transfer funds from one of your Farm Credit accounts to an account at another financial institution. In order to use ACH Out, you must first have read and agreed to the Electronic Funds Transfer Agreement. This agreement is presented to you the first time you access either the ACH In or ACH Out pages. Once you agree to the terms of the agreement you will be able to access the New ACH Out Transfer page.
• To initiate an ACH Out transaction, click the New ACH Out button.
• At the New ACH Transfer Out page, select the Farm Credit account to move funds from by selecting it from the From Account drop down.
• Once you have selected the Farm Credit account to move funds from, the To Account drop down list will populate with the account(s) eligible to move funds to. Select the appropriate account from the To Account drop down. If you do not see the account you want in the To Account drop down, you may need to select a different account in the From Account drop down or request to Add the Account. Click here to advance to the Add Account section.
• Proceed to entering the amount of the transfer in the Amount field.
• The date will default to the next business date to reflect the actual posting date. You can change this date to a date beyond the next business date by keying in a new date or using the calendar . Please note that the cutoff time for an ACH Out transfer is 3:00 PM Mountain time. If you enter a transfer after 3:00 PM Mountain Time the transfer will be processed one business day later.
• Click the Transfer button to send the transfer. You will be presented with a Verify ACH Transfer Out screen where you can verify that the transfer instructions are correct. If the transfer is correct, click Send Transfer. If you want to make a change to the transfer click the Back button. If you wish to not send the transfer, click the Cancel button.
• If you clicked the Send Transfer button, the next screen will confirm that the transfer has been sent and will provide you with a reference number for the transaction. Click the Done button to return to the main Account Transfers screen.

6. ACH Out From a Template

• From the Account Transfer page select a ACH Out template from the Choose Template drop down list and click the Load button.
• At the New ACH Transfer Out page, select the Farm Credit account to move funds from by selecting it from the From Account drop down.
• Once you have selected the Farm Credit account to move funds from, the To Account drop down list will populate with the account(s) eligible to move funds to. Select the appropriate account from the To Account drop down. If you do not see the account you want in the To Account drop down, you may need to select a different account in the From Account drop down or request to Add the Account. Click here to advance to the Add Account section.
• Proceed to entering the amount of the transfer in the Amount field.
• The date will default to the next business date to reflect the actual posting date. You can change this date to a date beyond the next business date by keying in a new date or using the calendar . Please note that the cutoff time for an ACH Out transfer is 3:00 PM Mountain time. If you enter a transfer after 3:00 PM Mountain Time the transfer will be processed one business day later.
• Click the Transfer button to send the transfer. You will be presented with a Verify ACH Transfer Out screen where you can verify that the transfer instructions are correct. If the transfer is correct, click Send Transfer. If you want to make a change to the transfer click the Back button. If you wish to not send the transfer, click the Cancel button.
• If you clicked the Send Transfer button, the next screen will confirm that the transfer has been sent and will provide you with a reference number for the transaction. Click the Done button to return to the main Account Transfers screen.