Online Money Transfers Comparison Chart

Transferring money to someone is quick and easy. Use this chart to help you choose which option is best for you.

 
Description
Fee
Processing Time
Available in Online Banking
Available in Mobile Banking
Funding Account Must Be in Your Name
Receiving account Must Be in Your Name
Other Information Needed to Complete Transfer
Schedule One-Time Future Transfer
Schedule Recurring Transfers
Limits
Registration Required

Member to Member Transfers

LEARN MORE
Description

Transfer funds from your ESL account to another ESL member’s account.

Fee

Free

Processing Time

Immediately

Available in Online Banking

Yes

Available in Mobile Banking

Yes

Funding Account Must Be in Your Name

Yes

Receiving Account Must Be in Your Name

No

Other Information Needed to Complete Transfer

Other member’s:
Account number
and
Last name

Schedule One-Time Future Transfer

No

Schedule Recurring Transfers

No

Limits

Available amount in your account

Registration Required

No

LEARN MORE

Zelle®
 

LEARN MORE
Description

Send money from your ESL account to friends, family, and other people you trust who have a bank account in the U.S.

Fee

None - ESL does not charge a fee to send or receive money with Zelle.®

Processing Time

Transactions between enrolled consumers typically occur in minutes.

Available in Online Banking

Yes

Available in Mobile Banking

Yes

Funding Account Must Be in Your Name

Yes

Receiving Account Must Be in Your Name

No

Other Information Needed to Complete Transfer

Other person’s:
Email address
or
U.S. mobile number

Schedule One-Time Future Transfer

Yes

Schedule Recurring Transfers

Yes

Limits
  • Daily – $1,000
  • Every 30 days – $5,000
Registration Required

Yes - enrollment with Zelle® is required in online banking or in our mobile app.

LEARN MORE

Transfers to External Accounts

LEARN MORE
Description

Transfer funds to and from your ESL accounts to any of your external financial institution’s accounts in the U.S.

Fee
  • Standard – Free
  • Next-Day – Free
  • Instant – $2 per transfer
Processing Time
  • Standard – 3 business days
  • Next-Day – 1 business day
  • Instant – typically within minutes if external financial institution account participates
Available in Online Banking

Yes

Available in Mobile Banking

Yes

Funding Account Must Be in Your Name

Yes

Receiving Account Must Be in Your Name

Yes

Other Information Needed to Complete Transfer

Your account number and Routing Number at other financial institution.

Schedule One-Time Future Transfer

Yes

Schedule Recurring Transfers

Yes

Limits

Standard & Next-Day (Inbound and Outbound)

  • Daily – $25,000
  • Rolling 30 days – $50,000

Instant (Inbound and Outbound)

  • Daily – $5,000
  • Rolling 30 days – $15,000
Registration Required

Yes

LEARN MORE