Missionary Banking
ACH Transfers for Missionaries
Serving far from home doesn’t mean your money has to be difficult to manage. ACH transfers can help you move money between your AGCU account and accounts at other U.S. financial institutions.
An Easier Way to Move Money Between U.S. Accounts
Missionaries often need to manage finances across more than one financial institution. An
Automated Clearing House (ACH) transfer lets you electronically move money between your AGCU account and an account at another U.S.-based financial institution.
ACH transfers can be especially helpful for recurring needs, such as moving money into savings, transferring funds between accounts or making regular loan payments.
How Can Missionaries Use ACH Transfers?
Move Money to AGCU
Transfer money from an account you own at another U.S. financial institution into your AGCU account.
Move Money From AGCU
Set up transfers from your AGCU account to an eligible account at another U.S. financial institution.
Make Loan Payments
ACH can provide a convenient way to make regular payments when the accounts involved are at different U.S. financial institutions.
Build Your Savings
Schedule recurring transfers to move a set amount into savings automatically.
Incoming or Outgoing?
ACH transfers can move money in either direction. The terms “incoming” and “outgoing” describe the transfer from the perspective of your AGCU account.
Money Coming In
Incoming ACH
Money moves from another U.S. financial institution into your AGCU account.
Money Going Out
Outgoing ACH
Money moves from your AGCU account to an account at another U.S. financial institution.
Set It and Keep Moving
Set Up Recurring ACH Transfers
If you regularly move the same amount of money between accounts, you may be able to schedule the transfer automatically.
AGCU offers recurring ACH transfers on several schedules:
Weekly
Bi-Weekly
Monthly
Quarterly
Annually
If your scheduled transfer date falls on a weekend or non-business day, the transfer will occur on the next business day after the requested transfer date.
Getting Started
How to Set Up an ACH Transfer
For a new recurring ACH transfer, submit your request at least 10 days before you want the first transfer to take place.
Gather Your Information
Provide the required information for your AGCU account and the other financial institution.
Submit Securely
Send the completed form and required documents through secure Online Banking.
AGCU Sets It Up
Once your request is reviewed and established, transfers can occur according to your authorized schedule.
What Information Will I Need?
The ACH Authorization Form asks for information about your AGCU account and the account at the other financial institution.
Transfer Information
- AGCU account and share/loan information
- Transfer amount
- Incoming or outgoing transfer
- Start date
- Frequency
- Purpose
Other Financial Institution
- Checking, savings or loan account
- Financial institution name
- Routing number
- Account number
- Name on the account
Protecting Your Information
Submit Your ACH Request Securely
ACH forms contain sensitive financial information, including account and routing numbers. To help protect that information, AGCU no longer accepts ACH transfer requests through standard email except in limited circumstances when Online Banking is unavailable.
Through secure AGCU Online Banking, you can:
- Request an ACH transfer
- Upload your completed authorization form and required documents
- Ask questions about your transfer
- Receive confirmation securely
You may also submit your request in person at an AGCU branch with valid identification.
Serving somewhere without access to AGCU Online Banking? Contact us for assistance. Additional security verification will be required before an emailed request can be processed.
ACH Transfer or Wire Transfer?
Both move money electronically, but they serve different needs.
ACH Transfer
A useful option for moving money between accounts at U.S.-based financial institutions, especially when transfers will happen on a recurring schedule.
Think: recurring transfers, savings and regular payments.
Wire Transfer
May be appropriate when you need to send funds to another financial institution, including international transfers.
Think: international transfers and other transactions that need to be sent by wire.
Not sure which one you need? Contact AGCU and we’ll help you determine the appropriate transfer method.
ACH Transfer FAQs for Missionaries
Can I use ACH to transfer money internationally?
AGCU’s ACH transfer service is for transfers involving U.S.-based financial institutions. If you need to send funds directly to a financial institution outside the United States, contact AGCU about wire transfer options.
How early should I submit a new ACH request?
Submit your ACH Authorization Form at least 10 days before you want the first transfer to occur.
What happens if my transfer date falls on a weekend?
If a recurring payment or transfer date falls on a weekend or non-business day, it will occur on the next business day after the requested date.
Can I email my ACH Authorization Form?
ACH requests should normally be submitted through secure AGCU Online Banking or at an AGCU branch. If you do not have access to Online Banking, contact AGCU. Additional security verification will be required.
Here Wherever You Serve
Ready to Set Up an ACH Transfer?
Complete the ACH Authorization Form, then securely submit your request through AGCU Online Banking.
Download ACH Authorization Form
Questions? Call 866-508-AGCU (2428).
Banking with a Purpose.