What types of transfers can I request?

You can initiate the following types of transfers between Northern Trust accounts:

  • Transfer money between Northern Trust banking deposit accounts

  • Make a regular and/or principal payment on a Northern Trust loan account from a Northern Trust banking deposit account

  • Take an advance on a Northern Trust credit line account into a Northern Trust banking deposit account

  • Purchase additional shares of a Northern Fund by transferring money from a Northern Trust banking deposit account

  • Redeem Northern Funds shares with proceeds transferred to a Northern Trust banking deposit account

  • Exchange shares between two Northern Funds accounts, including IRAs

  • Transfer between a brokerage account and a secondary linked banking account

In addition, you can set up external transfer accounts in order to:

  • Wire money (or send via ACH) from your Northern Trust banking deposit account to another financial institution

  • Transfer money (via ACH) from your account at another financial institution to your Northern Trust banking deposit account

 

Related FAQs

When should I use bill payment vs. wires and other types of transfers?
How do weekends and holidays affect my transfer date?
When will my transfer post?
Is there a limit on the amount I can transfer?
Is there a cost for transfers?