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Should I use Bill Payment to pay my Northern Trust
loan?
No. It is more convenient to make Northern Trust loan payments
using the Transfer page
within Private Passport. Simply transfer from your banking deposit account (checking,
savings, or money market) to your loan account. While making the payment, you
can see loan information such original loan amount, loan balance, payment due
date, and payment amount.
To make a loan payment:
- Select Banking in the top menu, then select Transfer.
- In the From dropdown list, select the deposit account from which to make
the payment.
After you select a From account, the dropdown list of To accounts changes
to include only accounts which can be transferred to, based on the selected
From account. This may take a moment.
- In the To drop-down list, select the loan account on which to make the payment.
- Click OK. The Transfer page displays
additional fields for you to enter transfer details. This may take a
moment. To assist you, information such as account balances and payment
amount appears on the right side of the screen.
- Enter the amount of the loan payment. Enter dollars, or dollars and cents
using the format 0 or 0.00.
- To specify when you want the transfer to occur, do one of the following:
- To submit the transfer immediately, leave Transfer Now selected.
- To schedule the transfer for a date in the future, select Transfer
on a future date. Enter (or use the calendar to select) the date when
you want the transfer to be processed.
- To create a recurring transfer, select Set up a recurring transfer.
Enter (or use the calendar to select) the first date that you want
the transfer to be processed. Select the frequency.
For occurrences,
enter the number of times you want this transfer to occur, or select
unlimited occurrences.
- Click OK on the Transfer page. The
Verify Transfer page appears.
- Verify the transfer information, and then click OK.
The transfer request is not complete until you click OK
on the Verify Transfer page.
- Private Passport confirms that your transfer request is complete. To print
the Confirm Transfer page, use the Print
feature in your browser.
On the Confirm Transfer page, take note of the reference number, a unique
number assigned to the transaction. You can use the reference number to find
the transfer on the Transfer
Status page.
- Click OK on the Confirm Transfer page.
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