How do I buy, sell, or exchange Northern Funds?
A purchase is a transfer from a deposit account to a Northern Funds account. An exchange is a transfer of shares from one Northern Fund to another. A redemption is a transfer from a Northern Funds account to a deposit account.
- Select Investments in the top menu, then select Northern Funds. Under Northern Funds, select Transfer.
- Select the account to transfer funds from.
- Select the account to transfer funds to.
- Do one of the following:
- Enter the dollar amount of the transaction. Enter
dollars,or dollars and cents using the format 0 or 0.00. The number of
shares will be calculated when the transaction is processed.
- Enter the number of shares to be purchased,
exchanged, or redeemed. For exchanges and redemptions, you can choose to
exchange or redeem All Shares. The dollar amount will be calculated
when the transaction is processed.
- Enter the dollar amount of the transaction. Enter
dollars,or dollars and cents using the format 0 or 0.00. The number of
shares will be calculated when the transaction is processed.
- 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 the option to 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 the option to 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 on the Transfer page.
The Verify Transfer page appears.
Take note of the date on which the transfer will occur. Northern Funds transactions occur on the same business day if the transfer request is made before 3 p.m. CST for Equity and Fixed Income Funds, and 1 p.m. CST for Money Market Funds. Transactions received on non-business days or after cutoff times will be processed the next business day.
- Review the transfer information, then do one of the
following:
- To modify the transfer information, click .
- To cancel the transfer request, click .
- To submit the transfer, click .
- After you have clicked the Submit button, the Transfer Confirmation
page appears, indicating that your transfer request is complete.
To print the confirmation page, use the Print feature in your browser.
On the confirmation 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.
