TransferNow is a secure method of transferring money between your Bank of Botetourt accounts and your accounts at other financial institutions from within your Online Banking.
To begin using TransferNow, you must first be enrolled in online banking and authorize your external bank accounts. When you initiate a transfer, you will see what types of accounts are eligible. Using your desktop, log into your online banking account. Select “Transfers.” Select, “External Transfers ”Set-up transfer authorization using either of the two verification methods: trial deposit verification or Real-Time account verification. To complete the transfer, account titles and names need to be exact from institution to institution.
Bank of Botetourt offers two transfer options: Standard and Next-Day.
Standard transfers arrive in the receiving account within three to four business days.
Next-day transfers will arrive in the receiving account on the next business day.
Yes, there are transaction limits.
$5,000 per transaction
$5,000 in total transfers per day
$10,000 in total transfers per month
There is a fee according to the delivery speed you select and the number of transfers per month.
Standard Delivery: Five free transfers per month; $1.00 charge for each thereafter.
Next-Day Delivery: $4.00 per transfer
* If customers meet the criteria and then have an overdraft, no longer meet the transfer requirement or have an available balance less than what is required, then the ability to request a Next Day transfer will be revoked automatically.
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