Online Banking IRA Transfers
Members will now be able to make an ONLINE transfer from any regular savings or checking account to an IRA share!
Effective Oct. 31, 2011 members will have the ability to make transfers to their IRA shares right inside HCU Online Banking! IRA shares accepting these online transfers include Traditional, Roth, Sep and Coverdell shares.
When a member logs into online banking, they can expect to see that the TIS Disclosures and the Online Banking Disclosures have changes. Once you've reviewed the changes, simply accept the new disclosure and continue into Online Banking. You should only get this notice one time. We should also note that any online transfer to an IRA share will be a current year contribution and IRA withdrawals can not be done in Online Banking.
We hope this new feature adds convenience for our members and we really hope that everyone appreciates this new feature!
For more information on our IRA products, click here.