Me To Me Money Transfer

Me To Me Money Transfer lets you move your money between your Westminster Savings accounts and your accounts at another bank or credit union. It's simple to set up and easy to use. This feature is for online banking only.

Link accounts

Setting up a link to your account at another bank or credit union is free and easy.

How to apply to link to your account at another bank or credit union

  1. Log in to Online Banking and go to the Transfer Money section.
  2. Select Add a link to an Account at another Financial Institution
  3. Select the Download PDF link to download and print the Me To Me Money Transfer Authorization form (or download this form now)
  4. Follow the instructions on the form to provide account information, a personalized cheque/formal financial institution document from your other bank or credit union and your authorization.
  5. Mail your signed authorization form and voided personalized cheque to us or drop it off at the closest branch.

Once we have received your signed authorization form and voided personalized cheque we will verify and activate your accounts. This can take up to 5 business days.

How to verify and activate your linked account

  1. Within 3 business days of receiving the signed authorization form and void cheque Westminster Savings will make a small electronic withdrawal from your account at the other bank or credit union.
  2. A Westminster Savings Member Service Centre agent will contact you to ask you the amount and date of the withdrawal. You can obtain this information by checking your account at the other bank or credit union.
  3. When you confirm the correct amount and date of the transfer with a Member Service Centre agent Westminster Savings will complete the electronic transfer into your Westminster Savings account and activate your linked accounts.

You can now transfer money to and from your other bank or credit union from within Online Banking.

Important information

  • Each individual member must submit their own authorization form and voided personalized cheque. Joint account holders cannot complete the same authorization form.
  • Business accounts cannot be linked.
  • Accounts at another bank or credit union that require two signatures to withdraw or operate the account cannot be linked.
  • To remove a linked account log in to Online Banking and go to the Transfer Money section. Click Delete a link and complete the online form. Your linked account will be removed within three business days and will no longer appear in your list of accounts in Online Banking.

Transfer to WSCU

After you have linked your accounts transferring your money from your accounts at another bank or credit union is as simple as making a transfer between your accounts at Westminster Savings.

How to transfer money from your account at another bank or credit union

  1. Log in to Online Banking and go to the Transfer Money section.
  2. Enter the amount of money you wish to transfer from your account at another bank or credit union.
  3. Select your account at another bank or credit union from the Transfer From list.
  4. Select your Westminster Savings account in the Transfer To list.
  5. Select when you want the transfer to occur (see Important information below).
  6. Click Continue to complete your transfer.

Important information

  • You must ensure that your account at the other bank or credit union has enough funds in it on the date that you specify the transfer will take place. If you do not have enough funds in your other account the transfer will be cancelled and you may be charged a service fee.
  • Your money may not come out of your account at the other bank or credit union for up to 3 business days.
  • Transferring money to your Westminster Savings account is free.

About holds

Your money will be deposited into your Westminster Savings account on the date that you specify. However, your money will be "held" for seven business days to ensure your other bank or credit union authorizes the transfer.

For security reasons this hold will not be removed until after seven days.

Transfer from WSCU

After you have linked your accounts transferring your money to your accounts at another bank or credit union is as simple as making a transfer between your accounts at Westminster Savings.

How to transfer money to your account at another bank or credit union

  1. Log in to Online Banking and go to the Transfer Money section.
  2. Enter the amount of money you wish to transfer to your account at another bank or credit union.
  3. Select your Westminster Savings account in the Transfer From list.
  4. Select your account at another bank or credit union from the Transfer To list.
  5. Select when you want the transfer to occur. This is the date that your money will be withdrawn from your Westminster Savings account. It can take up to 3 business days for your money to be deposited into your account at another bank or credit union.
  6. Click Continue to complete your transfer.

Important information

  • A non-refundable service charge of $2.00 will be charged to transfer money from your Westminster Savings account to your account at the other bank or credit union.

Act Now! Log in to Online Banking now

  • Sign up for online banking now. Contact our Member Service Centre at 604-517-0100 (outside the lower mainland call toll-free 1-877-506-0100) or visit a branch to order a MEMBER CARD® debit card and create a new personal access code.
  • Not yet a Westminster Savings member? You should be! Click here to apply for membership.
 

For more information