CompassPC®
Frequently Asked Questions
About CompassPC
What are recurring transfers?
Recurring transfers are simple, painless, and require no stamps or coupon books!
Sometimes, you want to move funds to a specific account regularly, in the same amount, and with the same frequency. Mortgages, car loans, or savings accounts, among other kinds of accounts, can now be set up for regular, periodic transfers using the recurring transfer feature in CompassPC.
After choosing which account you want to use to fund the transfer—checking, savings, line of credit, or money market—and which account you want the funds transferred to—credit card, line of credit, installment loan, mortgage, overdraft protection, checking, savings, money market, or HELOC—determine how much money you want to transfer and when you want the transfers to begin.
Using the handy calendar to schedule your transfer ensures that you begin on a business day. For subsequent transfers, if the scheduled transfer falls on a weekend or holiday, your transfer will be made the next business day.
Next, you select the frequency you desire from the selections in the dropdown menu:
- One Time
- Every Week
- Every Two Weeks
- Twice Monthly
- Every Four Weeks
- Every Month
- Every Two Months
- Every Three Months
- Every Six Months
- Every Twelve Months
Last, decide if you want a set number of transfers or if you want to continue the transfers indefinitely by checking the Continue Until Further Notice box.
That's it! All done! No envelopes, no trips to the post office, no delay!
