What is an external transfer?
Quontic may make it possible for a customer to initiate and conduct external transfers through Quontic online banking with limitations. A transaction is considered an outbound external transfer if funds are transferred out of your Quontic Bank accounts into your Non-Quontic Bank Accounts. Once you have access to external transfers, you can link your non-Quontic […]
Want to make an external transfer through Online Banking?
New customers will receive access to the external transfer feature in online banking when their account has been open for 30 days. If you are still unable to set up external transfers after 31 days, please call 800-908-6600, or email us at [email protected] to request access.
What is an ACH transfer?
An ACH transfer is the most common form of electronic money movement. Automated Clearing House (ACH) is a network that electronically processes transactions for financial institutions. These transfers typically take a few business days to process and for the money to be available in the receiving account. When you transfer funds from an account at […]
What is a wire transfer?
A wire transfer is a form of electronic money movement that transfers money in real-time from the sending account to the receiving account at another bank. These types of transfers are less common and often require you to pay a fee and interact directly with a person at the bank either in-person or over the […]
What is the test deposits and withdrawals verification process for linking an external account in Online Banking?
We will make two test deposits ($0.99 or less) and two matching withdrawals to your external account. It typically takes two or three days for these transactions to appear in your external account. To see the amounts we deposited and withdrew, you will need to access your external account. Once the withdrawals and deposits have […]
