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How do funds transfers work?

April 26, 2017funds transfers

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How do funds transfers work?

1 Answer

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You can transfer funds to and from your checking, savings. You can not transfer funds from an installment loan or from or into a share certificate or IRA. You cannot transfer funds directly from your overdraft protection account. Funds transfers into loan accounts are credited as payments. Each transfer made from a line of credit account is treated as an advance from that account and is subject to the terms of the Credit Agreement.