Transfers & Payments in UBT Business

Managing your business’s cash flow efficiently requires a banking platform that offers flexibility, clarity, and control. Whether you're moving funds between internal accounts, paying loans, or sending wires, the system is designed to be intuitive and secure. For more information about payment options, click here.

Creating and Using Templates

Templates are ideal for recurring or complex transfers:

1. Go to Send Money > Create Template.
2. Define the template name, accounts, amounts, and memo.
3. Save the template.
4. To use it later, select the template and click Transfer Funds.

Templates streamline repetitive tasks and reduce the risk of errors.

Transfer Options

Internal transfers

To initiate an internal transfer between two of your accounts, follow these instructions:

1. Navigate to Send Money > Internal Transfer.
2. Select the From Account and To Account.
3. Enter the amount, transfer date, and frequency (one-time or recurring). Note: These can be set out to go years in the future if needed.
4. If needed, add a memo for reference.
5. Click Submit to complete the transfer.

Multi-account transfers

This feature allows you to send funds to multiple transfers on the same date. If you need to fund an account, you will fund it first, then you can set up your multi-account transfer.

• Choose different dates, amounts, and accounts for each transfer.
• Add each transfer to the list, then submit them all at once.
• You can also upload a CSV file.

Future-dated transfers

If you need to schedule a transfer for a future date:

• Select the transfer date during setup.
• Note: Future-dated transfers from the old system will not carry over. You must re-enter them in the new platform.

UBT-to-UBT transfers

You can transfer funds to other UBT customers if you know them and they have provided you with their account number. You can link another customer's account and deposit into that account; you cannot withdraw from that account.

• Navigate to Send Money > UBT to UBT.
• Enter the recipient’s account number and other details when prompted. 
• Submit the transaction.

Wire transfers

UBT supports both domestic and international wires. For more information about wires, click here. 

UBT uses dual control for wire approvals:

• The initiator drafts the wire.
• An approver must enter a VIP token code to authorize it.
• For multiple wires, use Approve Selected to enter the token once for all.

Exporting and printing transfers

You can export or print transfer records:

• Use filters to narrow down the list (e.g., by date or type).
• Click Export or Print to generate a report.

Payment Options

Payment from file

For bulk payments:

• Use the Payment from File feature to upload a pre-formatted file.
• This is ideal for payroll or vendor payments.

Loan payments

To make a loan payment:

• Navigate to Send Money > Loan Payment
• Choose or enter the loan you want to pay and enter additional details, as applicable
• Submit the transaction.

ACH

For more information about ACH payments and detailed user guides and demos, click here. You will have two sets of login credentials following conversion, but those will be consolidated at a later phase.