How does External Transfer work?

We process Electronic Funds Transfers (EFT) via the Automated Clearing House (ACH) secure network. We submit a request to the ACH network to transfer funds between the accounts you’ve specified. ACH then uses its secure channels to complete the transaction. This procedure is the same process employers use to execute direct deposit payroll entries and that financial institutions use to clear checks and carry out automated transfers of funds for payments on loans or mortgages.