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 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 electronic transfer instructions 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
For a quick reference, see the Private Passport Getting Started guide, Moving Money.
