ACH Transfers
Wire Transfers
A wire transfer is an electronic means of transferring funds from one individual or entity to another, typically between financial institutions. We can send and receive domestic wires, but we only accept incoming foreign wires.
Once a wire transfer is processed, it is generally irreversible, which makes it challenging to recover funds that may have been sent in error or as a result of fraud. Please exercise caution, especially if something seems too good to be true or if you feel pressured to send a wire.
Incoming Wire: refer to the Incoming Wire Instructions here.
Outdoing Wire: to initiate a wire transfer, contact M-O FCU. Make sure to check if they provide specific wire instructions we need to follow.
There are fees for sending and receiving a wire transfer, so it's important to inquire about the costs, or refer to our Rates & Fees page.
Money Transfers
Member-to-Member Transfers
Using either Online Banking or the Mobile App enables you to transfer funds between your M-O FCU account and those of other M-O FCU members. Access this feature under the 'Pay & Transfer' then 'Quick Transfer'.
Transfer: Lets you move money from your membership to others at M-O FCU.
See: Lets you see all your accounts, no matter where they are at M-O FCU.
Jump: Lets you move to your other memberships, without having to log in again.
Pay Anyone
Pay Anyone is a person-to-person (P2P) transfer option to send money to another individual via email or text message - without having to know each other's account number, no matter which financial institution they use. The recipient will receive an email or text message with instructions on how to deposit the funds into their account.
Access to this service is within Online Banking & the Mobile App under 'Pay & Transfer.' You must have a valid email on record with M-O FCU and a checking account to utilize this service.
Account-to-Account Transfers
Account-to-Account (A2A) transfers enable you to send or receive funds from your M-O FCU account to your account at another financial institution.
To set up this transfer, you will need to complete the form available in Online Banking and submit it to us. This service is designed to offer you a convenient and flexible way to manage your finances.
Direct Deposit
Direct Deposit
Automatically deposit your payroll or government check directly into your savings or checking account each pay period. Funds are available immediately to pay bills, to withdraw cash, or use your M-O FCU debit card. Set it up once and you'll never have to worry about depositing or cashing your paycheck again.
With direct deposit, you can also set up automatic loan payments for your loans with M-O FCU. This means when your payroll is deposited, any loans you have with M-O FCU will be paid automatically, so you don't have to remember to make loan payments yourself.
Payroll Deduction
Payroll Deduction
Payroll deduction is an amount of money withheld from an employee's payroll check for a specific purpose: loan payments, savings, insurance premiums, etc. At M-O FCU you can use payroll deduction in a variety of ways. You have the ability to make loan payments without even having to think about it, so you never have to worry about remembering to make a payment or falling behind. Saving can also be very easy with payroll deduction; you can set money aside into your own account, or help build your children or grandchildren's college savings - no matter how often you get paid you can set up payroll deduction.
Direct deposit is required to utilize payroll deduction, but if the company you work for doesn't offer direct deposit there are other ways, such as automatic payments/transfers, to help you do many of the same things as payroll deduction.