Bank-to-Bank Transfers

Quickly move funds from one bank account to another financial institution. We offer you free Bank-to-Bank eTransfers with Internet Banking and eMobile Banking. Set up eTransfers for a one-time, weekly, bi-weekly, semi-monthly or monthly frequency. The cut off time for eTransfers is 3:00 p.m. Central Time.

Benefits of eTransfers

Have a relative or friend in need of quick funds? Want to move funds to an account you have set up in another bank? No problem. At First Dakota, eTransfers are a free, simple service option for our customers. After you activate this service, you can digitally move funds to your designated external accounts, up to three accounts are allowed.

Three inbound transfers are allowed per day to either your First Dakota checking or savings account with a total daily limit of $5,000. Two outbound transfers are allowed per day to your external accounts with a total daily limit of $5,000.

Ready to enroll in eTransfers? If you are a current customer and have Internet Banking, please contact us to provide you access.

How to Enroll in eTransfers

After Bank-to-Bank eTransfer is activated, follow the steps below to enroll an external account.

Log in to Internet Banking and click the Bank-to-Bank eTransfer link.

1. A message will appear asking you to enroll an external account then click on Enroll.

2. Check the I Agree box and click on Accept.

3. Enter the external account information and click on Submit.

  • Account Name – match how the external account is titled at the other financial institution
  • Financial Institution Name – list the name of the financial institution the external account is held at
  • Routing Number – add the 9 digit routing number of the external financial institution
  • Account Number – enter the external account number
  • Account Type – select Checking or Savings

4. Within three (3) business days, First Dakota will make two (2) small deposits to your external account.

5. Access the external account and record the two (2) amounts.

6. Log back into First Dakota’s Internet Banking and click on the Bank-to-Bank eTransfer link, and then click on Enrolled Accounts.

7. Enter the two (2) amounts in the Verification Amount boxes. You have 30 days from the date the amounts were sent to complete this process or the account will be deleted.

8. When the amounts are entered correctly, the status will change to Pending Approval. Within 24-48 hours, First Dakota will approve the request and the status will change to Verified and the        enrollment process is complete.

After Bank-to-Bank eTransfer is activated, follow the steps below to enroll an external account.

  1. Log in to Internet Banking and click on the Bank-to-Bank eTransfer link.
  2. The New Transfers screen will appear.
  3. Fill in the required fields as shown below, and click on Submit.
  4. When the transfer is successful, you will receive a confirmation message with a confirmation number.
  5. If you receive an error message after clicking on submit, the transfer did not happen, and you will need to re-enter the transfer information. (Examples of why an error can occur are: Internet connection is lost, transfer limit has been exceeded, etc. For assistance, contact First Dakota National Bank.)