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Butterfield Online - How To: Transfers
The “Transfers” section refers to sending
funds locally within Bermuda. Under
“Transfers” you have the following
options:
“Own Account Transfer” refers to
transferring funds between your
Butterfield accounts.
“Internal Transfer” refers to transferring
funds to another Butterfield account
holder.
Information Classification: Public
The Bank of N.T. Butterfield & Son Limited | www.butterfieldgroup.com
65 Front Street, Hamilton HM 12, Bermuda Tel (441) 295 1111 | Fax (441) 292 4365
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Butterfield Online - How To: Transfers (continued)
“Domestic Funds Transfer” refers to
sending funds to another local bank in
Bermuda.
“Multiple Accounts Transfer” allows funds
to be transferred to multiple Butterfield
or other local bank accounts at once from
one or multiple accounts.
To transfer to another of your Butterfield
accounts select “Own Account Transfer”.
To transfer to another Butterfield holder
select “Internal Transfer”.
Step 1: Select a beneficiary and the
payment template or new payment.
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Butterfield Online - How To: Transfers (continued)
Step 2: Select when to pay, let’s pay later,
and pick a future date.
Step 3: Select an account where funds will
be taken from.
Enter an amount either in the “From
Amount” or “To Amount” fields. Select an
account to pay to.
f you are making an internal transfer, you
need to know the beneficiary’s account
number at Butterfield. A currency is also
required in either the debit accounts or
credit accounts currency.
Enter a reference for yourself and the
beneficiary.
Click “Submit.”
Change or confirm the information.
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Butterfield Online - How To: Transfers (continued)
Upon selecting “Confirm” the transfer will
be initiated with Butterfield. You may print
the confirmation page for your records.
To complete a “Domestic Funds Transfer”,
you will need to know the Beneficiary’s
name, address, his or her local bank’s
name and his or her account number with
that bank.
If the beneficiary has already been set up
with a domestic funds transfer template,
the transfer will be easy. For this exercise
we will do a new payment.
Step 1: Select “New Payment”.
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Butterfield Online - How To: Transfers (continued)
Step 2: Enter beneficiary’s name and
address. The address field is optional.
Step 3: Select when to pay.
Step 4: Select an account from which
funds will be taken.
Enter “To Amount” (the amount the
beneficiary will receive), transfer currency,
user and beneficiary reference.
Step 5: Enter the beneficiary’s account
number and select his or her bank’s name.
Be sure to double-check the account
number.
Click “Submit”.
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Butterfield Online - How To: Transfers (continued)
Change or confirm the information.
Upon selecting “Confirm” the transfer will
be initiated with Butterfield. You may print
the confirmation page for your records.
You have now sent funds to another bank
in Bermuda.
To make a transfer from and to multiple
accounts, select “Multiple Accounts
Transfer”.
Step 1: Select “From Single Account” or
“From Multiple Accounts”.
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Butterfield Online - How To: Transfers (continued)
Step 2: Select when to pay.
Step 3: Select an account to pay from.
(Note: If you have selected “From Multiple
Accounts” in Step 1, the “From Account”
will appear in the table just below).
Select type of transfer: “Internal” or
“Domestic”. Enter Beneficiary’s account
number and name, transfer amount and
currency. For internal funds transfer, the
currency selected should be the currency
of the credit account.
If you are making a “Domestic” transfer,
select the name of the bank that funds
are being sent to.
To add another account to pay to, click
“Add More” and enter the details.
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Butterfield Online - How To: Transfers (continued)
A user and beneficiary reference is
required.
Click “Save”, to save the information
entered as a template. In the future,
select that template to complete a similar
transfer.
Click “Submit” then change or confirm
the information.
Upon selecting “Confirm” the transfer will
be initiated with Butterfield. You may print
the confirmation page for your records.
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