Send money within Online or Mobile Banking
Our Online Banking and Mobile Banking apps make it easy to do a number of transfers, most of them completely free. Simply log in and head over to “Transfer” or “Bill Payment” to get started. To set up external accounts for transferring money outside of the Credit Union, you must set up the payee(s) in Online Banking first and then you can make transfers in both Online and Mobile Banking.
- Cover typical bills and set-up recurring payments with Bill Payment
- Transfer money between your own accounts or to other Member accounts at the Credit Union
- Transfer money between your LBS Financial Credit Union account(s) and your account(s) at another financial institution
There are no limits on transfers from LBS Financial Checking accounts or lines of credit.
Repeating or recurring transfers are automatic transfers of the same amount of money, from one account at LBS Financial to another account. For example, from your Checking account to your auto loan or home loan. You do not have to re-enter a new transfer each month. They are a great way to make sure you never miss a monthly payment or savings goal.
These transfers can be scheduled for a variety of frequencies, including: daily, weekly, monthly, and annually.
To set up a repeating transfer, click on the “Make a Transfer” button in the left toolbar of Online Banking. Select the account you want the money to come from, and then where you want the money to go to. Enter the amount, and then select "Repeating Transfer" and submit.
In Online Banking, click on "Transfers and Payments" and "Make a Transfer" or tap on "Transfer" within the Mobile Banking app. Choose the account you want to withdraw from and where you want to send the money to. If you are sending to another Member, select "Another Member" under where the money is going, and enter their account number and last name. Enter the amount and submit.
If you would like to transfer funds to an external account where you are an account owner, select “External Transfers” within Online Banking and then select “Add new payee.” Verify and enter requested external account information, then click “Link account.” Within two business days, there will be two small deposits under $1 in your external account. When you see these transactions, return to “External Transfers” on your LBS Financial account to confirm the amounts. You will now be able to transfer money to and from your external account by selecting it on the “Make a Transfer” page in Online Banking or by clicking “Transfer” in the Mobile Banking app.