Electronic Funds Transfer (ACH)
Paragon continues to make banking even easier. It can get to be a hassle having to move money from one account to another, especially when those accounts aren’t at the same financial institution. Our new Electronic Funds Transfer service is an easy, secure, and reliable way to move funds between multiple accounts.
Paragon is now able to initiate electronic debits and credits between your accounts at other financial institutions and your Paragon account. While we have previously received debits and credits from other institutions, Paragon is now able to offer members the ability to have funds transferred to or from deposit accounts at other institutions to their Paragon account or to be paid to a Paragon loan.
Your time is valuable – make the most of it by taking advantage of our Electronic Funds Transfer program by moving funds from one bank account directly to another without any paper money changing hands. No checks, no envelopes, no stamps needed!
Electronic Funds Transfer FAQs
Here are the forms you will need to begin using Electronic Funds Tranfers:
If you want to setup deposits from another financial institution to your Paragon account click here. Electronic Funds Transfer (EFT) Enrollment Authorization Agreement for Preauthorized Debits. (DEPOSIT TO PARAGON ACCOUNT)
If you want to setup a payment from another financial institution to a Paragon loan click here. Electronic Funds Transfer (EFT) Autopay Enrollment Authorization Agreement for Preauthorized Paragon Loan Payments (FROM ANOTHER FINANCIAL INSTITUTION)
If you want to setup payments/deposits to another financial institution from your Paragon account click here. Electronic Funds Transfer (EFT) Enrollment Authorization Agreement for Preauthorized Credits. (DEPOSIT AT ANOTHER INSTITUTION)
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