How to Transfer Money To and From Your Peak Account

With External Transfers, you can move money between Peak Credit Union and your accounts at another U.S. bank or credit union at no additional cost.

Types of Transfers

Transfers Between Peak Accounts

Move money between your Peak accounts, including:

• Checking accounts
• Savings accounts
• Money Market accounts
• Loans and credit cards (if eligible)

External Transfers

Move money between Peak and a checking or savings account you own at another U.S. financial institution.

External Transfers can be used to:

• Move money between financial institutions
• Transfer funds to cover payments
• Build savings
• Consolidate accounts
• Schedule recurring transfers

Before You Begin

Before transferring money to or from another financial institution, you'll need to add and verify the external account in Digital Banking.

You will need:

• The routing number for the external account
• The account number for the external account
• Ownership of both accounts

For detailed instructions on adding, verifying, or managing external accounts, see our External Transfers FAQ article.

How to Transfer Funds

Once your accounts have been set up and verified:

1. Log in to Digital Banking.
2. Select Transfers & Payments from the menu.
3. Select Transfer.
4. Choose the account you want to transfer funds from.
5. Choose the account you want to transfer funds to.
6. Enter the transfer amount.
7. Select the date you would like the transfer to occur.
8. Add a memo if desired.
9. Select Transfer Funds.

How to Set Up a Recurring Transfer

To create an automatic recurring transfer:

1. Follow the transfer steps above.
2. Select Make this a recurring transaction.
3. Choose the desired frequency and start date.
4. Review and submit your transfer.

Recurring transfers can help automate:

• Savings deposits
• Loan payments
• Transfers between financial institutions
• Other routine transfers

Transfer Limits

External Transfer limits are:

• Up to $10,000 per day
• Up to $50,000 per month

Transfer Processing Times

External transfers are not processed immediately.

• Transfers are processed Monday through Friday.
• Requests submitted after daily processing cutoffs may be processed the next business day.
• Weekends and holidays may affect processing times.
• Funds may take several business days to arrive at the receiving financial institution.

How to Change a Recurring Transfer

If you need to change the amount or date of a recurring transfer:

1. Cancel the existing recurring transfer.
2. Copy the transfer.
3. Update the amount, date, or frequency.
4. Submit the updated transfer.

Looking for Other Ways to Move Money?

Bill Pay

• Use Bill Pay to pay businesses, utility companies, or other service providers.

Zelle®

• Use Zelle® to send money to friends, family, and other trusted contacts.

Frequently Asked Questions

Why can't I add my external account?

• Common reasons include:

  • Incorrect routing or account number
  • The account has not been verified
  • You are not an owner on the account
  • The account is not a checking or savings account

• See External Transfers FAQ for additional troubleshooting.

Why didn't my transfer go through?

• Transfers may fail because of:

  • Insufficient funds
  • Transfer limits
  • Account restrictions
  • Verification issues
  • Incorrect account information

How long will it take for my transfer to arrive?

• Transfer times vary depending on the receiving financial institution and transfer type.

Can I transfer money to someone else's account?

• No. External Transfers can only be used with accounts that you own.

Can I transfer money to an account outside the United States?

• No. External Transfers are only available for eligible accounts at U.S. financial institutions.