Let Teachers do your ACH Origination! You'll never miss an electronic payment or transfer again. This service offers fixed-amount electronic transfers recurring on the same date each month. ACH transactions are not considered a wire transfer. There is no fee for processing ACH Originations.
What Is ACH Origination?
ACH Origination is an electronic payment delivery system that allows Teachers to originate and send both debits and credits to participating financial institutions in the U.S.
Funds received via ACH Origination can be credited to your Teachers loan, savings, money market and share draft accounts. Payroll deposits, retirement deposits and Social Security need to be initiated by your Payroll Department, or the Social Security Administration. ACH Origination ensures funds are transferred on the date that you designate.
For variable amounts and dates, please use our online Bill Payer service.
Transfer funds with any option below:
Set Up ACH Origination
It's easy to sign up for ACH Origination! Use the forms below to set up the following transactions:
- Transfer funds from your Teachers share draft, savings account or money market account to another financial institution.
- Deposit funds to your Teachers savings, money market or share draft account from a different financial institution. You can even apply funds to your consumer loans or make mortgage payments.
Once you have selected either Form A (Funds deducted from your Teachers Account) or Form B (Funds deposited to your Teachers Account) you will be directed to our secured site. You will be prompted to sign into the secured site, complete and digitally sign the form. Once completed, the form will be electronically sent to the Credit Union for processing.
Be sure to keep a copy for your records.
Teachers Federal Credit Union is utilizing DocuSign software to allow our members to have the ability to electronically sign documents. This fast and secure process is an added member convenience and subject to review before document is accepted and processed. After proper security measures have been followed you will receive notification via email that your transaction will be processed.
|ACH Origination Forms
Use this form to send funds from your Teachers account to another financial institution
Download CREDIT FORM Here
Use this form to send funds to your Teachers account from another financial institution.
Download DEBIT FORM Here
When using your share draft or money market account number, be sure to use your 14 digit account number found on the MICR line of your share draft. If using your savings account only use your saving account number.
For example, if your account number is 123456 that is how you would format it for your savings account. If originating to or from your share draft account then the format should look like this: 12610001234567.