This feature allows a user to transfer funds from one of his/her accounts to another i.e. from savings to checking or vice-versa. Funds can also be transferred from his/her savings or checking account to his/her loan account for loan payment. The funds transfer can be setup as one time transfer or recurring transfer. The funds transfer can also be done to other accounts within the same bank.
Steps to setup a fund transfer request
1. Login to (IRIS Digital Banking URL)
2. Click Transfer Money sub menu under Payments and Transfers/Business and Transaction Services menu
3. Select transfer type.
4. Select account from which you want to transfer funds
5. Select account to which you want to transfer funds
6. Enter amount to transfer
7. Enter date on which you want to transfer funds
8. Select schedule i.e One time or Recurring
9. If schedule is recurring select frequency and enter expiration date if applicable
10. Enter any Remarks if applicable.
11. Click Submit.
12. Review the fund transfer request.
13. Click Confirm.
A message would be displayed indicating fund transfer request has been placed successfully.
Note:
•On selecting From account system would display its available balance.
•If funds are transferred to a loan account system would prompt to select the loan payment type.
•Funds transfer request can be placed for same date or future date.
•On successful placement of fund transfer request the available balance in source and destination accounts are immediately affected for same day transfers.
•If the transfer type is selected as third party transfer the user needs to add the recipients and can also manage the added recipients.
Steps to view & Edit one time transfer requests
1. Login to (IRIS Digital Banking application).
2. Click Transfer Money in Same FI sub menu under Payments and Transfers menu
3. Click Pending Transfers section in the Transfer Money in Same FI screen to view the Pending requests.
By default system displays One time pending transfer requests.
4. Click edit icon displayed against each request.
System display the request in edit mode with existing values populated.
5. Make necessary changes and click Submit.
The changes get saved and request is displayed in view mode.
Steps to Delete one time transfer requests
1. Login to (IRIS Digital Banking application).
2. Click Transfer Money in Same FI sub menu under Payments and Transfers menu
3. Click Pending Transfers section in the Transfer Money in Same FI screen to view the Pending requests.
By default system displays One time pending transfer requests.
4. Click delete icon displayed against each request.
System displays a confirmation message “Are you sure you want to delete the request” with Yes/No Option.
5. Click Yes to delete the pending transfer request.
Steps to view & Edit pending recurring transfer requests
1. Login to (IRIS Digital Banking application).
2. Click Transfer Money in Same FI sub menu under Payments and Transfers menu
3. Click Pending Transfers section in the Transfer Money in Same FI screen to view the Pending requests.
By default system displays one time pending transfer requests.
4. Click recurring tab.
System displays pending recurring transfer requests.
5. Click edit icon displayed against each request.
System display the request in edit mode with existing values populated.
6. Make necessary changes and click on Submit.
The changes get saved and request is displayed in view mode.
Steps to Delete pending recurring transfer requests
1. Login to (IRIS Digital Banking application).
2. Click Transfer Money in Same FI sub menu under Payments and Transfers menu
3. Click Pending Transfers section in the Transfer Money in Same FI screen to view the Pending requests.
By default system displays One time pending transfer requests.
4. Click recurring tab.
System displays pending recurring transfer requests.
5. Click delete icon displayed against each request.
System displays a confirmation message “Are you sure you want to delete the request” with Yes/No Option.
6. Click Yes to delete the pending transfer request.