Move your money with ease.
Rapid Transferring is another convenient way to transfer funds between your accounts
at Bank Mutual and your accounts at another financial institution. These transfers
are a feature of Online Banking. Once you've enrolled in Rapid Transfers and registered
your account, you can make one time or recurring transfers back and forth.
The transfer will be done in two steps – first the money will be withdrawn
from the sending account and then the money will be deposited in the receiving
account. To make future transfers, you will see a "List of External Transfer Accounts
for - Your Name" under your list of accounts in Online Banking.
To set up Rapid Transfers, log in to your Bank Mutual Online Banking account. After
successfully logging in, click on your Bank Mutual checking account. Once on your
account screen, click on the navigation button near the top labeled "Rapid transfers".
This will open the Rapid Transfer window and take you to the introduction page.
Click on the "Manage Accounts" link in the upper right hand corner. Once on the
"Manage Accounts" screen, click on the "Add New Account" link to set up a new external
You will be asked for your other financial institution's ABA routing number and
your account number at that institution. Next you will select the account type,
name on the account, and create an account nickname (such as ABC Bank Checking).
After the account is added, three small ACH transactions direct deposits will be
sent to your external account. Check for these amounts in your external account
history after 2-3 business days. Return to "Manage Accounts" and click on “Confirm”
to input these amounts. The amounts of these transactions direct deposits will be
used to confirm your ownership of the account.
Once account ownership has been verified, you can do one time or recurring transfers.
One of the accounts selected must be with Bank Mutual. Select "Schedule Transfer,"
choose the accounts, date, and amount, and you're done.