The words saying "rapid transfer" in front of a funky backround

Rapid Transfer Money Movement

Rapid Transfers Enable Real-Time Money Movement

By using the network system called card rails, a system that is used to process your credit card and debit card transactions in seconds. This is much quicker than the traditional 1 to 2 day electronic transfers (also known as ACH).  Citizens State Bank Online Banking users can easily link an external debit card to transfer funds instantly through Mastercard Send and Visa Direct via Moov (our platform to move the money).  This is only to move money between accounts you own, also known as a ME to ME transfer. 

Steps for setting up Rapid Transfers

  • When you log in for the first time 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 by selecting + Debit  (top right corner) 
  • Once card is added choose Make a Rapid Transfer
  • You will get a 2fa (multi factor) verification code option sent to the phone number on your account via text or phone call

To transfer money into your CSB account from your other financial institution you will do the following:

  • 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 
Your transfer will be posted in a matter of seconds!
 
To transfer money from your CSB account to another financial institution you will do the following:
There is a 1.75% transfer fee, with a minimum of $0.25 fee to transfer money out
  • 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  • From:  Choose the CSB account you want funds withdrawn from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
Your transfers will be posted in a matter of seconds. 
 
Unlike traditional  electronic transfers (aka ACH transfers) that can take 1 to 2 days,  Rapid Transfer uses the network system called card rails. This system is used to process your credit card and debit card transactions, (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.