Using Funds Transfer

How do I know if I my other financial institutions will allow transfers to/from my Tower account?
When adding an external account, a drop-down list will allow you to search for your financial institution, or you may enter the 9-digit ABA routing/transit ...
Thu, 7 Jan, 2021 at 10:24 AM
How do I transfer funds between my Tower and external accounts?
Once you have signed up and verified your email address and external accounts, here's how to setup a transfer: Setup a Funds Transfer: In Home Ban...
Tue, 7 Dec, 2021 at 9:07 AM
How do Funds Transfers work?
Funds Transfers are processed through the Automated Clearing House (ACH) secure network. This is the same network used by the Federal Reserve to clear check...
Thu, 7 Jan, 2021 at 10:25 AM
How is Funds Transfer different from Bill Payment?
Tower's Bill Payment: Send payments to anyone in the United States—even friends and family. Bill Payment essentially replaces your checkbook, and payme...
Thu, 7 Jan, 2021 at 10:26 AM
How much does the Funds Transfer service cost?
Standard (3-day) transfers, inbound or outbound, are FREE.  Premium (next day) transfers, inbound or outbound, cost $5.
Thu, 7 Jan, 2021 at 10:26 AM
What are the qualification rules for next day transfers?
To be eligible for the service of next day transfer, your Tower account must meet the following conditions: You must be in good standing with Tower. For ...
Thu, 7 Jan, 2021 at 10:34 AM
Under what circumstances will an attempted Funds Transfer be unsuccessful?
A Funds Transfer will be returned if it cannot successfully be posted to your account. The most common reasons for failed or returned Funds Transfers are: ...
Thu, 7 Jan, 2021 at 10:35 AM
How will I know when a transfer is complete?
For an up-to-date status report on your Funds Transfer request: In Home Banking: Select Transfer & Pay, External Funds Transfer then Activity In Tower...
Tue, 7 Dec, 2021 at 9:06 AM
What do the different status designations mean?
Pending: We have not yet received confirmation of a successful transaction. This process generally requires 4 business days. You may see an indication of th...
Thu, 7 Jan, 2021 at 10:36 AM
What is a next day transfer?
This is a Funds Transfer for which settlement takes place on the following day of the transfer request. Below is a sample chart for when transferred fun...
Thu, 7 Jan, 2021 at 11:17 AM