How do I add an external account so I can make transfers?

  1. Login to digital banking.
  2. Navigate to Services > Add External Account.
  3. Enter the account number.
  4. Select the type of account using Account Type drop-down.
  5. Enter the financial institution’s routing number. These numbers are located at the bottom of a paper check or deposit slip from your checkbook.
  6. Click Continue.

View Tutorial

In 2-3 business days, OlyFed will make two small deposits and one withdrawal from your external account. Once you receive those transactions, log into OlyFed online banking and navigate to Menu > Services > Verify External Account. Once you have entered and verified the deposits, you can begin transferring funds to and from the account.

Note: New online banking customers will not have External Transfer capabilities during the first 60 days after enrollment.

Verifying an External Account
  1. Login to digital banking.
  2. In the Services > Verify External Account.
  3. Select the account you would like to verify.
  4. Enter the amounts of the 2 micro-deposits that have been made into your external account.
  5. Click Continue.

 

Category: Digital Banking