Option 1: Open Two SEFCU Accounts
Opening two SEFCU accounts is the quickest, easiest, and most secure way to transfer money into another account. With you and a parent each having your own account, funds can be transferred instantly anytime and anywhere with:
Option 2: Online Transfers
If your current financial institution offers online banking, you can set up online transfers — almost like paying a bill. Check with your bank or credit union to see if there are any fees involved. SEFCU does not charge a fee for any incoming transfers.
Option 3: Mail a Check
It may sound old-fashioned, but mailing a check is still one of the cheapest and easiest ways for you to get money into your account. Once received, you can then stop by any SEFCU branch, or take a picture of the check through our Mobile banking app and deposit the check right into your account! Check out SEFCU’s iTeller on-the-Go for more information.
Option 4: Set up Periodic Payments
If you wish to transfer funds from other accounts to your SEFCU account on a regular basis, you can set up a periodic payment by visiting any SEFCU branch and filling out an “Authorization Agreement for Direct Payments Form.” You can choose to have funds debited from your bank account on a recurring basis (monthly, bi-weekly, weekly) and deposited right into your account free of charge. Once in effect, these debits will recur, as agreed upon, until SEFCU receives written notification to stop these transfers.
Option 5: Wire Transfer
You can wire money to your SEFCU account by visiting your financial institution. Wire transfers allow for the quick transfer of funds but can involve a hefty service fee. SEFCU does not charge for incoming wire transfers but check with your financial institution to find out how much the wire transfer may cost you.