Me-to-Me Transfers

Me-to-Me Transfers

Me-to-Me Transfers allows you to move money between your Mt. Lehman Credit Union account to your accounts at other Canadian Financial Institutions using your online banking.

Setting up a link to your account at another financial institution is free and easy.

1.  Log in to Online Banking and go to the Transfer Money section.

2.  Select Add a link to an Account at another Financial Institution.

3.  Select Download PDF link to download and print the Direct Services External Account Link Authorization form (PDF) or click here to download.

4.  Complete the form and bring it to Mt. Lehman Credit Union so that we can verify and set up your external account in your online banking.  You will need one form for each external account you would like to link to.

Once your external account is set up, you can now transfer money to and from your other Financial Institution from within Mt. Lehman Credit Union's online banking.

 

How to transfer money from your account at another Financial Institution

1.  Log in to your Mt. Lehman Credit Union online banking and go to the Transfer Money tab.

2.  Enter the amount of money you wish to transfer from your account at another Financial Institution.

3.  Select your account at another Financial Institution from the Transfer From list. 

4.  Select your Mt. Lehman Credit Union account in the Transfer to list.

5.  Select when you want the transfer to occur.  The transaction is processed immediately as long as the other Financial Institution also supports Me-to-Me Transfers.  Your money may not come out of your account at the other Financial Institution for up to 3 business days if the other Financial Institution does not support Me-to-Me Transfers.

6.  Click  Continue to complete your transfer.

 

Other Financial Institutions that supports Me-toMe:

  • Westminster Savings Credit Union
  • Prospera Credit Union
  • Envision Financial
  • Interior Savings Credit Union
  • Community Savings Credit Union

 

Important Information regarding transferring from your account at another Financial Institution

  • You must ensure that your account at the other Financial Institution has enough funds in it on the date that your specify.  If you do not have enough funds in your account at the other Financial Institution, charges can be incurred.
  • Your money will be deposited to your Mt. Lehman Credit Union account on the date your specify.  However, your money will be "held" for five business days to ensure your account at another Financial Institution authorizes the transfer.

How to transfer money to your account at another Financial Institution

1.  Log in to your Mt. Lehman Credit Union online banking and go to the Transfer Money tab.

2.  Enter the amount of money you wish to transfer to your account at another Financial Institution.

3.  Select your Mt. Lehman Credit Union account from the Transfer From list.

4.  Select your account at another Financial Institution in the Transfer to list.

5.  Select when you want the transfer to occur.  This is the date that your money will be withdrawn from your Mt. Lehman Credit Union account.  Your money will be deposited immediately if your other Financial Institution supports Me-to-Me Transfers.  It can take up to 3 business days for your money to be deposited into your account at your other Financial Institution ifthe other Financial Instituion does not support Me-to-Me Transfers.

6.  ClickContinue to complete your transfer.

Processing Times

  • The transaction is processed immediately as long as the other Financial Institution also supports Me-to-Me Transfers.
  • The transaction may take up to 3 business days if the other Financial Institution does not support Me-to-Me Transfers.
  • The transaction may take up to 3 business days for scheduled and recurring Me-to-Me Tranfers.  If you are setting up a scheduled or recurring transfer to be processed on a certain day, it is a good idea to set up your Me-to-Me Transfer for several days before you need access to the funds. 

Fees

  • A fee of  $2.00 will be charged for a Me-to-Me Transfer from your Mt. Lehman Credit Union account to your account at the other Financial Institution.
  • Me-to-Me Transfers to your Mt. Lehman Credit Union account is free.

 

Transaction Limits for Sending

  Transaction limitDaily Limit Weekly (7days) Monthly (30 days)
 Maximum Limit $1,000$2,000 $4,000 $7,000

 

Transaction Limits for Receiving

  Daily Transaction Limit Weekly (7 days) Monthly (30 days)
 Maximum Limit $10,000 $25,000 $50,000
 

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