Rapid Transfer Money Movement

Rapid Transfers Enable Real-Time Money Movement

By using card rails instead of traditional ACH, reducing transfer times from days to seconds. Citizens State Bank Online Banking users can easily link an external debit card to push and pull funds instantly through Mastercard Send and Visa Direct via Moov (our platform to move the the money). 

 

Steps for setting up Rapid Transfers

  • When you log in for the first time after Rapid Transfer were enabled you will get a pop-up saying you now have Rapid Transfers
  • Choose the Transfer Widget or the Transfers in the menu.
  • Choose Rapid Transfer
  • Add  your other financial institutions debit card.   + Debit  (top right corner) 
  • Once card is added chose Make a rapid transfer
  • You will get a 2fa verification code option for text or phone call. The phone number used is pulled directly from our core system. 

To "pull" money, means to take funds from your other financial institution and deposit it into your account at CSB. 

  • Amount:  Input the amount you wish to transfer. Funds must be available at your other financial institution and the limit is $10,000 per day. 
  • From:  Choose the debit card you want the funds to come out of.
  • To:  Choose the CSB account you want funds deposited into. 
  • There is no fee for transferring money to CSB.
  • Submit.  
Transfer will be posted in a matter of seconds!
 
To "push" money, means to transfer funds from your CSB account to another financial institution. 
  • There is a 1.75% transfer fee, with a minimum of $0.25 fee
  • Amount: Input the amount you wish to transfer. Funds must be available in your CSB account and the limit is $10,000 per day. 
  • From:  Choose the CSB account you want funds withdrawn from
  • To:  Choose the debit card for your other financial institution for deposit
  • Transfer fee:  1.75% of transfer with a minimum of $0.25 fee (Fee will be shown and post separately from the transfer amount)
  • Total will be the amount of the transfer, including the fee.  
  • Submit
Transfers will be posted in a matter of seconds. 
Unlike traditional ACH transfers that can take days, Rapid Transfer uses card rails (Mastercard Send and Visa Direct) to move money in seconds. 
The shift to the fast lane dramatically cuts transfer completion times and allows processing 24/7/365. In fact, with rapid transfers, money movement that once took days to complete can now be done in a matter of seconds.
This service is for "me-to-me" transfers, where users move funds between their own accounts at different institutions.
This method has integrated security features, including two-factor authentication, account name validation, and cloud-native transaction monitoring.
Citizens State Bank Rapid Transfers offer near-instant "me-to-me" transfers for funding the user's bank account held by your financial institution or for sending money to one of their external accounts – all from your CSB Online Banking.

Venmo, CashApp, and Zelle® are peer-to-peer payment platforms designed to send money from one person to another, and such payments do not constitute 'rapid transfers.'
If funds are not available, the payment will fail instantly.