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Bank Transfers

February 8, 2023


Make immediate transfers any time between your Bank of Elk River checking, savings and loan accounts. Transfers are available online as well as on your mobile device.

Bank-to-Bank Transfers

  • Transfer money online between your Bank of Elk River deposit accounts and certain deposit accounts you have at other U.S. financial institutions. Bank-to-Bank transfers give you greater flexibility, convenience and control.
  • Before enabling your account for Bank-to-Bank Transfers, additional security measures are required to verify your ownership of the account. Verification may take 3-5 business days. Fees apply for transfers of funds from The Bank of Elk River to other financial institutions. Click here to review the Bank-to-Bank Transfer Agreement.

Recurring Transfers

  • Set up automatic recurring transfers between accounts to quickly reach your savings goals or ensure your line of credit or loan payment always gets there on-time.
  • Choose the frequency that meets your needs – one time, weekly, bi-weekly, semi-monthly, or monthly.
  • Recurring transfers are available between checking, savings, money market, retirement savings, mortgage and other loan accounts, brokerage accounts, and personal and home equity lines of credit.
  • Sign into Digital Banking and click the ‘Transfer’ tab to get started. Select the account you are taking the funds from, select what account you are moving funds to, enter the dollar amount, and click ‘Submit’. Click on the ‘Options’ button for frequency, date and memo choices.