Money Movement

Rapid Transfer

 

It’s a convenient way to consolidate funds across multiple accounts or quickly access cash to cover bills and unexpected expenses. Whether it’s moving money from a digital wallet to a primary checking account or transferring funds between institutions, Rapid Transfers makes it easy to stay financially agile. No trips to the branch, no waiting days for ACH, and no disruption in your day.  Rapid Transfer is for me-to-me transactions only from one bank account to another using a debit card in the name of the primary account holder.

Find it: 

• Log in to the Telcoe Arkansas App
• Click on the Transfer button
• Click on Rapid Transfer
• Add your Debit Card from the outside institution you want to send funds or receive funds to.
• You can setup reoccurring transfers out or to be received
• This is a me-to-me transfer option only-names of the primary member must be the same on the card and address 

Important: The Telcoe account primary member and the debit card of the external account must be the same. A fee of $0.50 -1.75% of the amount of the transfer is applied.

Step By Step Instructions

Member To Member Transfers

 

Telcoe members can easily pay another Telcoe member by logging into the Telcoe Arkansas App  and clicking on Transfer.

How To Initiate: 

• Log into the Telcoe Arkansas App and choose Member To Member Transfer Icon
• For security, you will be prompted to log back in and know your password(face id will not allow this log in to be completed)
• Enter the first 3 letters of the other member's last name
• Enter the other Telcoe member's member number
• Choose if you are sending to the savings, checking, or loan id (01, etc)
  • If you are unsure of the id enter Savings 01 and the other member can transfer inside their membership
• There is no fee to complete the transfer

 

FedNow / RTP Deposits To Telcoe

Telcoe members can receive instant payments from participating financial institutions now.  FedNow Deposits are routed directly to your account in real-time. Your money is available to you when you need it, without unnecessary delays or fees. FedNow is a payment service developed by the Federal Reserve that enables financial institutions to transfer money instantly between accounts.

How To Initiate: 

• Provide the sender the Telcoe routing # 282075523 and your full  Telcoe checking account number or Telcoe member number.  
• You can receive these funds from your employer, business, or a friend, etc)
• Telcoe does not charge a fee to receive FEDNOW funds

Important: Keep watching and you will eventually be able to send funds outside Telcoe using FEDNOW as well. 

 

 

Wire Transfers

 

Telcoe members can send a wire to another financial institution or receive an incoming wire from another institution.  Wires are helpful when sending large sums of money for home closings, investments, etc. 

Sending A Wire To Another Financial Institution: 

• Contact Telcoe by phone or at a branch to complete the Wire Transfer Agreement Form
• Provide the other financial institutions routing number and account number
• Provide your current drivers license

Receiving A Wire From Another Financial Institution: 

• Contact the other Financial Institution to initiate
• Provide the Incoming Wire Instructions provided by Telcoe that does include our Intermediary Bank Information:
  • Catalyst Corporate Federal Credit Union, Plano Texas-ABA# 3119-9051-1 For Credit To: Telcoe Federal Credit Union Account #282075523 For Final Credit TO: YOUR NAME and Telcoe Account Number.