What are the different ways that funds can be transferred between BancorpSouth accounts?
Online Banking - No fee (both accounts must appear online) Infoline - No fee (both accounts must be linked to debit card) Verbal Telephone Transfer - $5.00. This fee applies to Infoline Representative requests or branch telephone requests. The $5 fee is subtracted from the account where the money is transferred from. In Branch Transfer - $5.00 Online transfer from a non-BancorpSouth account. This is referred to as an external transfer. These can be done through your online banking only. Click on "Transfer" on the tool bar. Select "External Transfer" Follow instructions to set up. The set up takes 3 to 5 business days. Once the other account is set up, you can request a transfer. The transfer takes 3 to 5 business days and is routed through the ACH system. There is a fee for each transfer out of your BancorpSouth account. There is no fee to transfer into your BancorpSouth account.