Loan Payments Are Like Transmissions…manual or automatic?
Manual payments are the ones you have to remember to do every month. Instead, set your loan payments to automatically come out of an account of your choosing and go toward a loan payment! Once it’s set up, you don’t have to worry about it again. You can do this several ways:
- Set it up yourself through eBranch – (Look under Account Access tab, for ‘scheduled transfers’). This will give you full control, allowing you to make changes whenever you like – and it’s free.
- Set up an internal transfer – This is also a free solution if your loan and the account the money is coming out of are both here at Members Community Credit Union. Call us to get this set up.
- Set up an ACH Origination – This is an ongoing automatic transfer of money from one financial institution to another. If this is something you’d like to do, please call us and we’ll get it set up or call your other financial institution and ask them to set it up. Most institutions impose a fee to set this up – we do not. What can we say, we rock.