Are there any limits on electronic fund transfers?

CFE Federal Credit Union does have certain limits and regulations concerning electronic fund transfers to ensure the security and efficiency of transactions. Generally, these limits may pertain to transaction amounts, frequency of transfers, and the types of accounts eligible for electronic transfers. For instance, there may be daily or monthly limits on how much money can be transferred electronically, either to another account or to an external bank. These limits can vary based on the account type and the specific service used for the transfer, such as online banking or mobile banking applications. In addition to these monetary limits, there may also be rules regarding the timing of transfers. For example, some transactions might take longer to process, especially if they occur outside normal business hours. Members should also be aware of the possibility of transaction fees, which may apply depending on the nature of the transfer. It is advisable for members to review the terms and conditions specific to their accounts or to check the CFE Federal Credit Union website for more detailed information regarding limits on electronic fund transfers.