ACH Transfers
ACH stands for Automated Clearing House, an electronic payment system that transfers funds between accounts at different financial institutions. Do you need to make a payment, or maybe you are receiving funds from another financial institution? At P1FCU, we are happy to help you set up an ACH transfer, whether it’s one-time, bi-weekly, or monthly.
ACH Credit
If you are planning to send funds to another institution, you will need to complete an ACH Credit form. This can be done in-branch, over the phone, or via video banking with a member service representative.
Here is the information you need to send funds:
- Name of depository financial institution
- Routing Number of depository financial institution
- Account Number at depository financial institution
- Start Date and Frequency
ACH Debit
If you are planning to receive funds from another institution, you will need to complete an ACH Debit form. This can be done in-branch, over the phone, or via video banking with a member service representative.
Here is the information you need to receive funds:
-
Name of debited financial institution
-
Routing number of debited financial institution
-
Account Number at debited financial institution
-
Start Date and Frequency
Please note that ACH Transfers have a maximum amount of $4,000. If you need to change or stop an ACH Payment originally initiated through P1FCU, you must do so in-branch, over the phone, or via video banking with a member service representative.
