978-283-8200 | 160 Main Street, Gloucester, MA 01930 | 15 Martin Street, Essex, MA 01929 | HOURS

What is Funds Transfer?

Funds Transfer is a safe, secure and convenient way to transfer funds between your BankGloucester accounts and accounts you hold at other financial institutions. You may schedule money transfers at any time of day or night, even when the bank is closed!

Funds Transfer Frequently Asked Questions

Please note that the following is only a few of the most frequently asked questions.

Can I transfer money internationally?

No, this service is only available for domestic transfers.

Can I use this service to transfer money between BankGloucester accounts?

No, This service is for transferring funds from a BankGloucester account to a checking or savings account in a different financial institution.

Can I set up regularly recurring Funds Transfers?


Can I set up a Funds Transfer now to be executed at a future date?

Yes, you may schedule a Transfer Funds to up to a year in advance.

Can I transfer funds to my external loan accounts?

No, currently you cannot add external loan accounts to this service and therefore you cannot transfer funds to these accounts.

Can I cancel a Funds Transfer request?

Yes, but only for a limited time. Once a transfer request has been transmitted to ACH, you cannot cancel the transfer. The time frame to cancel a transfer may vary according the type of transfer. Further information can be found inside Funds Transfer in online banking.

How will I know when a transfer is complete?

The Activity page provides an up-to-date report on your Funds Transfer request over the past 180 days. Each transfer request is displayed along with the date and status of the transfer.

How much will the Funds Transfer Service cost?

To learn more about the charges applicable to the Funds Transfer service go to the Funds Transfer screen and select the "From" and "To" accounts as well as the delivery speed. Next to the delivery speed click on the information icon to see what fees, if any, are applicable.

Want More Information

For a more extensive Q&A please log in to your online banking account and select the Funds Transfer Service.

For additional information please contact a customer service representative


Call 978-283-8200 or fill out our contact form