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Remote Transfers
Why pay more? - Consolidate your higher interest debt onto a new Sb1 Visa Credit Card. You'll only have to worry about a single monthly payment.Transfer those high charging credit card payments to a new Sb1 Visa Credit Card. With Sb1, we don't have any hidden rates. What you see is what you get. Start saving yourself money each month.
 
Now you can transfer funds with your other financial institutions directly to or from your Sb1 accounts. Sb1's Remote Transfer service is available for registered NetBanker users.

FAQs
What is Remote Transfer?
Remote Transfer gives you the ability to transfer funds to or from another financial institution into or out of your Sb1 account.

What are my daily and monthly transfer limits?
$2,500 daily and $5,000 on a rolling 30 day cycle.

Is there a fee for the Remote Transfer service?
$2.00 for each successful transfer to or from a Sb1 account. $25.00 for each returned or rejected Transfer.

How will Sb1 verify my accounts?
You will need to verify the amounts of three separate test transactions (two deposits and one withrdrawal) that will be made to your newly registered remote account. These transactions will be smaller than a dollar each. By confirming the amounts for each transaction you will verify your new remote accounts have been set up correctly.

Will a transfer be processed if there aren't enough funds to cover the fee?
The transfer will be processed if there are enough funds for the transfer. However if there aren't enough funds for the fee, we will have to manually charge it.

When will my funds be IN my Sb1 account from another institution?

Inbound (to Sb1)

Completed (before 5:00 PM):

Will Receive

 

Monday

Thursday


Tuesday

Friday

 

Wednesday

Monday

 

Thursday

Tuesday

 

Friday

Wednesday

 

Saturday

Thursday

 

Sunday

Thursday


When will my funds be received AT another institution?

Outbound (another FI)

Completed (before 5:00 PM):

Will Receive By:

 

Monday

Wednesday

 

Tuesday

Thursday

 

Wednesday

Friday

 

Thursday

Monday

 

Friday

Tuesday

 

Saturday

Wednesday

 

Sunday

Wednesday


How do I enroll in Remote Transfer?
You can just enroll yourself in remote transfer through NetBanker.

How will these types of transfers read on my statement?
Your statement and account history will show them as Open Transfers.

Can a Remote transfer be done Internationally?
Remote transfers are only done domestically. However, transfers to Puerto Rico are not eligible.


 



 
Why pay more?
Transfer those high charging credit card payments to a new Sb1 Visa Credit Card. With Sb1, we don't have any hidden rates. What you see is what you get. Start saving yourself money each month.