Introducing Rapid Transfers
With Rapid Transfers, you get the flexibility and control you need to manage your money with confidence.
What is Rapid Transfers?
Rapid Transfers allows you to move money quickly between your First Heritage account and accounts you hold at other financial institutions. Transfers are processed in near real time, because of secure card technology. Funds are typically available within minutes, not the next business day like a traditional ACH transfer. Whether funding a new account or moving money between external accounts, users can initiate transfers anytime – day or night, weekday or weekend.
Frequently Asked Questions
What do I need to set up Rapid Transfers?
Getting started with Rapid Transfers is simple, you'll need:
- A First Heritage checking or savings account, and
- An external bank account with a debit card
For security purposes, the name on your external debit card must match the name on your First Heritage account.
Is there a fee for Rapid Transfers?
A small fee is charged for this service.
- Push to Card (sending funds to another financial institution):
1.75% or a $0.50 minimum per transfer
- Pull from Card (receiving funds into your First Heritage account):
0.74% or a $0.50 minimum per transfer
Can I send money to another person using Rapid Transfers?
Rapid Transfers is a "me-to-me" transfer feature. Funds can only be moved between accounts that are under the same name.
Is Rapid Transfers secured?
Rapid Transfers is designed with multiple security safeguards:
- Account name verification
- CVV code requirement during enrollment
- Two-factor authentication
If the name on your First Heritage account doesn't match the name on the external debit card, enrollment wont be allowed.