Scheduled Recurring Transfer

Set It And Forget It—Watch Your Savings Grow (Or Your Loan Balance Go Down)

A variety of programs and apps have cropped up in the recent past, offering you the option to automatically transfer your extra “change” or a random amount based on your spending.  But JHFCU has made saving easy, and in your control, for years with our automated transfer program in Online Banking. 

To get started, log into your account and click on the “Accounts” tab and then on Recurring Transfers, and select “Create a New Scheduled Transfer”.  From there you have lots of ways to customize your transfer!

  • Select a frequency: Daily, Weekly, Monthly, Yearly, or at other intervals
  • Select the time of day (transfers generally process within an hour of the scheduled time*)
  • Select an End Date – As soon as the next day (depending on time), or select a date that coincides when you want to use the funds, e.g. for a scheduled vacation, or after your last payment (select a date at least a day after the final payment is scheduled to go through) OR pick “no end date”.
  • Select an Amount—set up a simple transfer of a few dollars to as much as your mortgage payment**
  • Select your “From” Account:
  • Checking
  • Savings
  • Custom Savings
  • Money Market
  • Select your “To” Account:
  • Savings
  • Custom Savings
  • Custodial Account (an easy way to save for your children)
  • Education Savings
  • Money Market
  • IRA Share
  • Loan – set up your amount due, and/or elect to pay extra at a specified interval (for Home Equity Lines of Credit or personal Lines of Credit, you may need to set up the payment based on the full amount of the line)

We send an Alert to let you know your Transfer went through.

Pause your Transfer

You have the option to go in and adjust the schedule to skip a transfer, without disrupting future transfers.  (Need to add a couple of details; so am leaving this on the “Needs Done” list)

*Transfers generally process within an hour of the time you specified. Occasionally there are delays and they may go through later.
**Note if you set up your mortgage payment, you may need to adjust it annually due to escrow changes, or a rate change if it’s an adjustable rate.