Members and staff can transfer funds with Account-to-Account (A2A) transfers two different ways.  
  • "Right away" 
  • Scheduled for a future date.  These transfers use the Automated Funds Transfers (AFT) feature. 
A2A transfers may need to be initiated or scheduled before the day the member wishes for them to be processed. (See below for details.)

Right Away Transfers
"Right away" items are moved to the A2ATRANS file which is monitored approximately every 15 minutes for new transfers.  When a transfer is found, it is sent to Magic-Wrighter for processing.  If the transfer is received by MagicWrighter before 12 PM ET, the transfer may be posted (depending on the credit union configuration) in the third daily ACH batch file posting processed by CU*BASE. Transfers received by Magic-Wrighter after 12:00 PM ET are not processed until the next day.  (SEE ALSO: Additional Considerations)

Scheduled Transfers
These items are processed during end-of-day or beginning-of-day processing, depending on when the credit union is configured to process AFTs.  Transfers are sent in a batch to Magic-Wrighter at this time. Because of this, the transfer may be processed by Magic-Wrighter on the day after the scheduled transfer date of the AFT.  (SEE ALSO: Additional Considerations)
 
Additional Considerations
As mentioned above, several factors affect the transmission of A2A transfers.  In addition, since A2A transfers are processed via ACH, A2A transfers are not transmitted to other financial institutions on weekends or federal holidays observed by the Federal Reserve.  Finally, other financial institutions’ procedures for handling ACH transactions can vary, and this may also cause delays.