top of page

Can I set up automatic savings through Internet banking?

Curious about Internet banking

Can I set up automatic savings through Internet banking?

Yes, many Internet banking platforms offer the option to set up automatic savings transfers. This feature allows you to automate regular transfers from your checking account to a designated savings account. By setting up automatic savings, you can establish a consistent savings habit without the need for manual transfers.

To set up automatic savings transfers, you would typically need to follow these steps:

1. Log in to your Internet banking account.
2. Navigate to the transfer or funds transfer section.
3. Select the option to set up a new transfer.
4. Choose the source account (your checking account) and the destination account (your savings account).
5. Specify the transfer amount and frequency. You can typically set up transfers to occur weekly, biweekly, monthly, or on a custom schedule.
6. Set the start date for the automatic savings transfer.
7. Review the transfer details and confirm the setup.

Once the automatic savings transfer is set up, the designated amount will be transferred from your checking account to your savings account according to the specified frequency and schedule.

It's worth noting that the specific steps and options for setting up automatic savings transfers may vary depending on your Internet banking platform and the bank you are using. It's recommended to explore your Internet banking interface or consult the user guide or support documentation provided by your bank for more detailed instructions on setting up automatic savings transfers.

bottom of page