Fund Transfer Service Change: Effective November 15, 2008, Standard outbound transfers initiated within the Funds Transfer Service is now FREE.  Now both the inbound and outbound Standard transfer services are free.  There is still a nominal fee for Overnight Transfers and Pay People transfers.  In addition, Standard inbound transfer limits have been increased to $15,000/day, $15,000/outstanding and $25,000 during a rolling 30 days .  These changes will allow customers to move funds using standard delivery in and out of Presidential – No Hassle – No Costs.

Effective March 8, 2008: The Third Party Transfer option (accounts established where the owner is someone other than yourself) will be removed from the Funds Transfer service.  On this date, all pending transactions will be deleted.  You may continue to use Pay People to send funds to third parties for future payments.  If you are not currently using the Pay People option, you will need to establish the payees again.  With the Pay People option, the recipient will receive an email notifying them of the payment and must log into a secure website to claim the funds by choosing ACH (electronic) or check payment.  BillPayer can also be used to send check payments to individuals.  We apologize for any inconvenience this may cause you.