Frequently Asked Questions - Bank to Bank External Transfers

Are there limits on how much I can send or receive? 

Yes. There is a daily and monthly limit. You can view your limits by accessing External Transfers from within Personal Online Banking and clicking the blue circle icon next to the amount box. 

How quickly can I send funds? 

Standard delivery is 3 business days. Express delivery is next-day as long as it’s before the cut-off time, see below. 

Is there a service charge when using Bank to Bank External Transfers?

For standard delivery there is no charge. For express delivery there is a $5.00 service charge. 

What are the requirements to use Bank to Bank External Transfers?

You must be enrolled in Personal Online Banking and have a Fremont Bank deposit account. For security purposes certain transaction types will not be available until qualifications are met. 

What is the cut-off time to initiate or cancel a Bank to Bank External Transfer? 

The cut-off time for a standard Bank to Bank External Transfer is 10:00pm on business days, Monday through Friday. After this time, all transfers will be processed and cannot be cancelled. The cut-off time for an express External Transfer is 5:00pm. When sending a Bank to Bank External Transfer, if you are after the cut-off time, you will need to add one more business day to the processing time for both Standard and Express delivery.

Can I access Bank to Bank External Transfers through Mobile Banking? 

For security reasons, we currently only offer Bank to Bank External Transfers through Personal Online Banking.