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December 21, 2020 Banking Technology Personal Banking Joshua Williams

How to Schedule an Automatic Savings Transfer

Scheduling an automatic transfer to your savings account is an easy way to save money. You pick the frequency and the amount. Then sit back and gain confidence as your savings grows on its own.

If you don’t have a Workers savings account, check out all our savings account options to find the best for you! Our favorite is the SaveUp account with small, attainable tiers that keeps more earnings within reach.1 Now, let’s start saving!
 

Transfer to Your Workers Account from Another Financial Institution

Online Banking

  • Go to Move Money
  • Click External Transfer
    • If it’s your first time you will be prompted to setup your transfer account
  • Select From and To accounts
  • Enter Amount
  • Click More Options
  • Select the frequency and date
  • Continue and Save

Mobile Banking

  • Go to More
  • Select External Transfers
    • If it’s your first time you will be prompted to setup your transfer account
  • Select Transfers
  • Select From and To accounts
  • Enter Amount
  • Click Transfer Type to select frequency
  • Continue and Save

Transfer from Another Workers Account

Please Note: Internal transfers are not eligible for the higher SaveUp tier.1
Online Banking

  • Go to Move Money
  • Select Schedule a Transfer
  • Select From and To accounts
  • Select the Transfer Date
  • Check the Repeat Transfer box and select Frequency
  • Enter amount
  • Click Make Transfer

Mobile Banking

  • Go to Transfers
  • Select Schedule
  • Click Schedule a Transfer at the bottom
  • Fill out From, To, Amount, and Frequency
  • Click Schedule

If you want to save but you’re unsure where to start, we encourage you to meet with a Workers Way Financial Coach. They’ll work with you to create a budget that works for you and help reach your savings goals. Schedule an appointment to get started!

 
 

1 In order to receive the higher APY listed you must have a direct deposit(s) and/or monthly deposit(s) that include internal transfers, external transfers or deposits that aggregate to at least $50 in the statement period which will allow you to be eligible to earn a higher annual percentage yield (APY) on each applicable tier. If you do not make the $50 deposit as noted, you will earn the base APY for that month. The $50 deposit must post prior to the end of the statement cycle to earn the higher APY for that month. Initial account deposits and wires are not eligible to receive the higher APY. In addition to meeting the requirement as listed above to earn the higher APY rate, the account must be open for the entire statement period, otherwise, the base rate will be applied to the entire balance for the number of days in which the account was opened during the month.