Make a Recurring External Transfer
The Make a Recurring External Transfer page is used to make a recurring, or repeating, transfer of funds between a Ford Interest Advantage note and an account with another financial institution.
You can access the Make a Recurring External Transfer page by clicking
Make a Recurring External Transfer.
- From your navigation
links, click Make a Recurring External Transfer.
Result: The Make a Recurring External Transfer page is displayed.
- Select the Transfer From note/account from which you want us to transfer funds.
- Select the Transfer To note/account you want to which you want funds transferred.
- Select the transfer
Frequency that represents how often you want the transfer to be made. Options
include: Annually, Biweekly, Monthly, Quarterly, Semiannually, Twice a month,
and Weekly.
Note: A Twice-a-month transfer is processed on the transfer Start On date and approximately every fifteen (15) days thereafter. Scheduled transfer dates that occur on holidays and/or weekends are processed the following business day. There may be more, or less, than two twice-a-month transfers in some months depending on the transfer Start On date, length of the month, and whether the scheduled date falls on a holiday or weekend.
- Enter the amount you want transferred.
- Enter the Start On date. This is the first date you want to transfer funds. It can be today's date or a future date. The Will Occur On date field will automatically calculate the business date on which the first recurring transfer will occur. This date is used to determine when future transfers are made. Funds availability will apply.
- Indicate how long you want
to transfer funds. Choose one of the following options:
- Continue Indefinitely. Transfers will continue to be made until you either change this option or delete the recurring transfer.
- Continue Until This
Date. Transfers are made until the date entered. The date format is MM/DD/CCYY.
Note: You must select an end date that is consistent with the payment frequency you've selected.
- Continue for this Number of Transfers. The number of transfers entered are made.
- Click Continue.
Result: The Make a Recurring External Transfer Preview page is displayed.
- Review the transfer
details. If correct, click Submit Transfer.
Note: You can click Edit to make additional changes.
Result: The transfer is submitted and the Make a Recurring External Transfer Confirmation page is displayed.
- Note the Confirmation ID for your records.
If the transfer is scheduled to occur on a future date and changes are needed, click View Scheduled External Transfers.
Parent topic: Transfers