Advance Funds

To access the Advance Funds page, click the Transfer Funds tab at the top of any online banking page followed by the Advance Funds navigation link. You may request any of the following advance fund options on this page to set up a cash advance of funds from one of your loan or credit card accounts to another of your accounts.

  • One Time Immediately – Transfers a cash advance from one of your loan/credit accounts to another of your accounts immediately.

  • One Time in the Future – Sets up an advance of funds between two of your accounts at a specified future date.

  • Recurring – Sets up an advance of funds between two of your accounts beginning on a start date to repeat at a defined interval (or “frequency”) either for a specified period of time or until you delete the fund transfer request.

When you set up an advance of funds, you can view the available balance for all accounts listed in both the From Account and To Account fields; however, if an account has a negative balance, the account will not appear in the From Account field. Each negative balance in the To Account field displays in parentheses, for example, (272.64).

Cash advances for the current day process immediately.  The cutoff time set by your financial institution determines when an immediate transfer will be posted on the business day following nightly processing.

The following transfer frequencies may be requested for a recurring cash advance or advance of funds:

  • Weekly – Every week. Each recurrence of an advance is scheduled one week after the previous advance.

  • Bi-Weekly – Every two weeks. Each advance is scheduled once every two weeks. For example, if the first advance is set up for 12/15/2020, the next advance occurs two weeks later on 12/29/2020.

  • Twice Per Month – Twice per month. This frequency typically schedules two advances per month, each 15 days apart. However, there are some exceptions to this pattern depending on the number of days in the month and the date of the first advance.
    The following examples illustrate how this frequency works.

    In this first example, the first advance requested using the Twice Per Month frequency is scheduled for the beginning of the month:

    • Occurrence

    Pay Date

    Next Scheduled Advance

    1

    1/1/2020

    1/16/2020

    2

    1/16/2020

    2/1/2020

    3

    2/1/2020

    2/16/2020

    4

    2/16/2020

    3/1/2020

    5

    3/1/2020

    3/16/2020

    In this second example, the first advance requested using the Twice Per Month frequency is scheduled for the middle of the month:

    Occurrence

    Pay Date

    Next Scheduled Advance

    1

    1/15/2020

    1/30/2020

    2

    1/30/2020

    2/15/2020

    3

    2/15/2020

    3/2/2020

    4

    3/2/2020

    3/15/2020

    5

    3/15/2020

    3/30/2020

  • 4 Weeks – Every four weeks. This frequency can also be described as “every 28 days”. Each advance is scheduled 28 days after the date of the previous advance. For example, if the first advance is set up for 7/22/2020, the next occurs on 8/19/2020, followed by 9/16/2020, etc.

  • Monthly – Every month. Recurring advances are scheduled at one-month intervals. For example, if the first advance is scheduled for 12/15/2020, the next advance occurs one month later on 01/15/2021.

  • Month End – Last day of each month. Each recurring advance is set up for the end of each month (e.g. on 12/31/2020, 01/31/2021, etc.).

  • Bi-Monthly – Every two months. Each advance is scheduled two months after the previous advance. For example, if the first advance is set up for 12/15/2020, the next advance would be two months later on 02/15/2021.

  • Quarterly – Every quarter. A recurring advance is scheduled once every quarter or four times each year. For example, an advance on 12/15/2020 is followed three months later by an advance on 03/15/2021.

  • Semi-Annual – Every six months. A recurring advance is scheduled twice a year with one advance followed six months later by another (e.g., on 12/15/2020 and then on 06/15/2021).

  • Annually – Every year. Each advance is scheduled once a year. That is, an advance on 12/15/2020 is followed by another on 12/15/2021, etc.

  1. Make sure the One Time Immediately tab is highlighted on the Advance Funds page.

  2. On the Step 1 page for this type of transfer:

    1. In the From Account dropdown, select the account from which funds will be withdrawn.

      2. Note: Only the types of accounts that support cash advances as defined by your financial institution display in the From Account and To Account lists.

    1. In the To Account dropdown, select a different account to which funds will be deposited.

    2. Type the Amount of the cash advance in dollars (and cents if appropriate). You cannot enter a dollar sign.

    3. Type your Password, if shown.

    4. Click Continue to go to the next step or Cancel to go to the Accounts Overview page.

  3. When the Step 2 page displays, click Confirm & Advance Funds to go to the next page, Edit to return to the Step 1 page to review/change the cash advance data, or Cancel to return to a cleared Step 1 page.

  4. When the Step 3 page displays, if the transfer was successful, “Advance Complete” displays above the date of the advance. Click Make another Advance to go to the Step 1 page and enter data for another cash advance or View All Scheduled to view the Scheduled Transfers page listing all of your scheduled fund transfers.

    5. Note: If the cash advance is unsuccessful, “Transfer NOT Completed” displays with a detailed error message. You may click: a) Edit to return to the Step 1 page and change the cash advance data; b) Make Another Advance to go to a cleared Step 1 page and enter data for a new cash advance; or c) View All Scheduled to view the Scheduled Transfers page.

  1. Click the One Time in the Future tab on the Advance Funds page.

  2. On the Step 1 page for this type of transfer:

    1. In the From Account dropdown, select the account from which funds will be withdrawn.

      2. Note: Only the types of accounts that support cash advances as defined by your financial institution display in the From Account and To Account lists.

    1. In the To Account dropdown, select a different account to which funds will be deposited.

    2. Type the Amount of the cash advance in dollars (and cents if appropriate). You cannot enter a dollar sign.

    3. In the On this date field, type the date in the future when the cash advance should occur, or click the month icon next to the field and select a date from the calendar.

      4. Note: An error message displays if you enter a date on a weekend or holiday.

    1. Type your Password, if shown.

    2. Click Continue to go to the next step or Cancel to go to the Accounts Overview page.

  3. When the Step 2 page appears, click Confirm & Schedule to go to the next page, Edit to return to the Step 1 page to review/change the cash advance data, or Cancel to return to a cleared Step 1 page.

  4. When the Step 3 page appears, if the cash advance was successful, “Advance Scheduled” appears above the date of the future cash advance. Click Make another Advance to go to a cleared Step 1 page and enter data for another cash advance or View All Scheduled to view the Scheduled Transfers page listing all of your scheduled fund transfers.

    5. Note: If the cash advance is unsuccessful, “Transfer NOT Scheduled” appears with a detailed error message. You may click: a) Edit to return to the Step 1 page and change the cash advance data; b) Make Another Advance to go to a cleared Step 1 page and enter data for a new cash advance; or c) View All Scheduled to view the Scheduled Transfers page.

  1. Click the Recurring tab on the Advance Funds page.

  2. On the Step 1 page for this type of transfer:

    1. In the From Account dropdown, select the account from which funds will be withdrawn.

      2. Note: Only the types of accounts that support cash advances as defined by your financial institution will appear in the From Account and To Account lists.

    2. In the To Account dropdown, select a different account to which funds will be deposited.

    3. Type the Amount of the cash advance in dollars (and cents if appropriate). You cannot enter a dollar sign.

    4. In the Frequency field, select a frequency or time interval for the recurring cash advance.

      5. Note: For more information, refer to the Recurring Cash Advance Frequencies section.

    5. In the Starts field, type the current date or a date in the future when the first cash advance should occur, or click the month icon next to the field and select a date from the calendar.

      6. Note: An error message appears if you enter a date on a weekend or holiday.

    6. In the Ends field, either select Never (until I delete the recurring transfer) or After and type the number of times (from 2 to 9999) the transfer or cash advance should occur.

      7. Note: If Never is selected, the cash advance will keep occurring until you delete it on the Scheduled Transfers page.

    1. Type your Password, if shown.

    2. Click Continue to go to the next step or Cancel to go to the Accounts Overview page.

  3. When the Step 2 page appears, click Confirm & Schedule to go to the next page, Edit to return to the Step 1 page to review/change the cash advance data, or Cancel to return to a cleared Step 1 page.

  4. When the Step 3 page appears, if the cash advance was successful, “Advance Scheduled” appears above the date of the first scheduled cash advance. Click Make another Advance to go to a cleared Step 1 page and enter data for another cash advance or View All Scheduled to view the Scheduled Transfers page listing all of your scheduled fund transfers.

    5. Note: If the cash advance is unsuccessful, “Transfer NOT Scheduled” appears with a detailed error message. You may click: a) Edit to return to the Step 1 page and change the cash advance data; b) Make Another Advance to go to a cleared Step 1 page and enter data for a new cash advance; or c) View All Scheduled to view the Scheduled Transfers page.