How to Set up Payments for your Auto Loan with FMFCU
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FMFCU offers the ability to transfer funds into and from an FMFCU account. Please note, transfers can take two to three business days to complete. The current daily limit is $2,500 per day and $10,000 per month.
Step 1: Select Add External Account under the Transactions menu. You will need to input the following information about the account you would like to add:
- Institution Routing Number
- Account Number (Max length of 17 digits)
- Account Type (checking or savings)
Once this information has been entered, click to continue.
Two “micro” deposits will be generated and sent to the external account (typically within 5 business days). Once you have received these two micro deposits in the external account, make note of both amounts as you will need them later in step 2, the verification process. Note: Only domestic (U.S.) banks are permitted.
Step 2: Verify Account. Once the micro deposits are received, select the Verify External Account option under the Transactions men. The external account details will appear. Select the radio button and apply the two small totals to establish the connection.