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External account transfers

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Summary

External Account Transfers are a quick and secure way to transfer money from your accounts at other financial institutions to your accounts.

Fees

The service is free

 

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How to do it

  1. From the menu, select External Accounts, then Manage External Accounts
  2. Select Link external account
  3. Search for an external financial institution
  4. After selecting the financial institution, enter the login information for the external account
  5. If prompted, enter the security code or follow security verification instructions (these instructions will vary by financial institution and are not controlled by us)
  6. Select which external account to connect
  7. Once the account is connected, you’ll receive a message and be taken back to the External Accounts page, where you’ll now see the account connected. It may take up to five minutes for the account to fully be linked

Ready to go?

Sign in through this button to go directly to the External Account Transfer page.

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FAQs

We’ve partnered with Flinks, a trusted financial services provider, to bridge the connection between Coast Capital Savings Federal Credit Union and other financial institutions and verify members’ account information. Coast Capital Savings Federal Credit Union does not store any external account banking credentials, and we ensure all information is deleted from Flinks’ systems after the account is linked.

Flinks has some of the leading financial institutions in Canada as its clients and prides itself in providing seamless and secure data transfer. Below are some of it’s benefits:

  • Fast: Connections with accounts happen in seconds
  • Secure: Encryption helps protect personal financial information
  • Private: Banking credentials are never made accessible to Coast Capital Savings Federal Credit Union

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Transfer from an external account

How to do it

  1. From the menu, select Transfers, then External Account Transfer
  2. Select the external account to transfer from
  3. Select the account to deposit funds to
  4. Enter transfer amount
  5. Specify the timing for the transfer
  6. Select Continue, review the transfer details and select Confirm
  7. Accept the Terms and Conditions

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Transferring registered funds
If you’re moving money into your account from a TFSA, RRSP, RRIF, or FHSA, visit our Registered Funds Transfer page to learn more.

Processing time

How long it takes to receive your funds depends on the timing selection you make.

  • Initiate now: The transfer is initiated immediately and should take 3-6 business days for funds to arrive in your account
  • Later: You’ll select the date you want the transfer to initiate. The transfer should arrive 3 business days after the date you select
  • Recurring: You’ll select the date you want the transfer to initiate. The transfer should arrive 3 business days after the date you select, and then on the regular interval you define (weekly, monthly, etc.)

Ready to go?

Sign in through this button to go directly to the External Account Transfer page.

Sign in

FAQs

Any pre-authorized debits you’ve set up in-branch or with our Member Service Centre will not be visible in External Accounts. If you need help with a previously set up pre-authorized debit, please contact us.

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Cancel or change an external account transfer

How to do it

If you need to cancel or change a transfer, please call us.

  1. For “Initiate now” transfers, cancellation or change requests must be made same-day
  2. For “Later” and “Recurring” transfers, cancellation or change requests must be made a minimum of 3 business days in advance of the initiation date

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