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Bank-to-Bank Transfers

Transfer money online - quickly, easily, securely!

Transferring money between Providence Bank and your other financial institutions is easy.

 With Bank-to-Bank Transfers, you can easily move money between your Providence Bank deposit accounts and your accounts at other financial institutions – including banks, credit unions and brokerage accounts.
 
  • Great for investors, snowbirds, parents with college students and more.
  • Transfer money between your Providence Bank checking or savings accounts and checking or savings accounts at another financial institution*
  • Easily view all transfer history.
  • Keep track of a transfer’s status using its confirmation number in Pending Transfers.
  • Set up both single and recurring transfers.
It is important to note that Bank-to-Bank Transfers can take a few days to process. The transfer limits established apply only to transfers made online through the Bank-to-Bank Transfers service. Providence Bank reserves the right to apply a lower limit.
 
Move your money where and when you need it! Get started.
Log in to Online Banking to sign up for Bank-to-Bank Transfers.

Bank-to-Bank Transfers are an optional feature that can be turned on within Online Banking for retail clients. If used, you can transfer money between your personal deposit accounts at Providence Bank and your accounts at other financial institutions. Transfers made through ACH can be incoming (funds deposited to Providence Bank) or outgoing (funds deposited to another financial institution) and either to-or-from a checking or savings account within the United States.
Login in to Online Banking and select Bank-to-Bank Transfers.
Click Enroll.
Once you have read and accepted the Service Agreement, Click I Agree and Accept.
Add your accounts from your other financial institutions.
There is no charge for incoming transfers (funds deposited to Providence Bank), but there is a 50-cent charge for each outgoing transfer (funds being sent to another institution).**
After you sign in, choose the account you want to transfer money from, the account you want the money to transfer to, the amount that you would like to transfer, the frequency of the transfer, the date you would like the transfer to occur, and a memo (optional). Then click Submit.
Bank-to-Bank Transfers are an effective way to send or receive funds from an external account at another institution. Because these transfers are processed via ACH, they are processed faster than if you set up a Bill Payment check to be mailed to the other institution. Although Bank-to-Bank Transfers are not same day credit like a Wire Transfer, they cost less than Wire Transfers and can be managed fully from your Online Banking account.
You can transfer money between your Providence Bank checking and savings accounts and accounts you may have at other U.S. financial institutions. Simply sign in to Providence Bank’s Online Banking to access Bank-to-Bank Transfers to get started.
After you sign in to Online Banking and go to Bank-to-Bank Transfers, click on Pending Transfers to View, Edit, or Delete for each transfer listed.
To enroll an account, you will need the other institutions name, nine-digit routing number, your account number at that institution and the type of account. We will send a trial deposit (also called a verification deposit) to ensure we have the correct information. Once you have verified the amount of the transaction (ensuring that you are the true owner of the other account), you will be able to begin making transfers.
A verification deposit is a small, random amount that will be deposited to your external account to verify the account and routing number you provided for your other institution. The deposit will be sent within one to two business days.
For a couple of reasons. First, we want to be sure that the account numbers and routing numbers were correctly entered to eliminate any delays when you make transfers going forward. Secondly, we use this as a way to verify that you have access to the account that you are transferring funds to and from.
Once you see the verification deposit credited to your external account, you will need to log back in to your Online Banking account, click on Bank-to-Bank Transfers, then go to Enrolled Accounts and enter the amount of the credit in the Verification Amount field. You have 10 calendar days to complete this verification process.
If you do not verify the pending verification deposit within 10 calendar days, you will need to contact Electronic Banking at 573.761.3700 and then begin the external account setup process again.
A Bank-to-Bank Transfer typically takes one to two days to debit or credit your external account. Funds requested to be transferred will be debited/credited to your Providence Bank account the business day following the day you initiate the transfer, provided you have met the daily cutoff time of 5 pm CT. In case of a future dated or recurring transfer, these time limits will be the business day following the scheduled date of the transfer. Funds requested to be transferred will be debited/credited to the non-Providence Bank account according to the other financial institution’s availability and transaction processing schedule.
Transfers are processed throughout the day until the cutoff time of 5 pm CT. Transfers made after 5 pm CT will be processed the following business day.
Yes. You will have access to 90 days of history for processed Bank-to-Bank Transfers under Transfer History.
 
You are able to make up to two incoming and unlimited outgoing transfers per day with a maximum of five external accounts. You are limited to no more than $1,000 total on incoming transfers daily and no more than $2,000 total on outgoing transfers daily. The cutoff time for Bank-to-Bank Transfers is 5 pm CT each business day. Bank-to-Bank Transfers can only be made to or from banks within the United States. Transfers to foreign countries cannot be processed through this feature.
If a scheduled Bank-to-Bank Transfer is still in PENDING status, you can Delete the transfer or edit the transfer date, amount and/or frequency. If a scheduled transfer has already been PROCESSED, you cannot make any changes.
You can get your routing number and account number from a check. The routing number is the nine-digit, left-most number along the bottom of a check. Your account number is the center number along the bottom of your check. You may also be able to find these numbers through your online banking account.
 
 
 
 
 
 
 
 
 
 
 
 
*Federal Regulation D limits certain types of withdrawals and transfers made from a savings or money market account to a combined total of six per statement cycle. This includes withdrawals made by check or draft to third parties; debit or ATM card point-of-sale (POS) purchases; and pre-authorized withdrawals such as automatic transfers for overdraft protection and transfers made by telephone, online banking, mobile banking, bill pay, wire and facsimile. Withdrawals and/or transfers exceeding the six per statement cycle allowance will be subject to an excessive withdrawal fee based on our current fee schedule. If limitations are continuously exceeded, it may result in conversion to a Simply Free Checking Account. Withdrawals and transfers made in person at a Providence Bank banking center or at an ATM are not included in the limit of six per statement cycle.
 **Fees subject to change.