Moving Money | Summit Credit Union

Transfers and Payments

From a Summit account in Online Banking

Log in to Summit’s digital banking
Select Make a Transfer in the Main Menu

From another financial through External Transfers in Online Banking

Log in to Digital Banking and select Make a Transfer in the Main Menu.
To add an External Account, go to Make a Transfer in the Main Menu and select External Accounts. Once added and confirmed you can make an External Transfer by going to Make a Transfer.

Set up an automatic payment from another financial

Please complete the ACH

One-time payment from another financial using a debit card, checking or savings account

You can use a VISA, Mastercard or Discover debit card, checking account or savings account.

Pay by Phone using debit card

Please call 800-236-5560 ext. 1998 or 608-243-5000 ext. 1998
You can use a VISA, Mastercard or Discover debit card.
Reminder: There is an $8 fee for this service.

Summit branches cannot be used as a shared branch at this time.

Our members can use other shared branch locations to process transactions on their Summit accounts, including transfers to another financial institution if that institution is part of the Shared Branch Network.

The pay-by-phone option accepts debit cards, but not credit cards. If you would like to use a VISA Mastercard or Discover credit card, any of our can do a cash advance for you in person*.

If you wish to pay-by-phone, there is an $8.00 service fee per payment. Please dial toll-free, 800-236-5560 ext. 1998 or locally at 608-243-5000 ext. 1998. Follow the audio prompts.

These payments can be made Monday - Friday: 9:00 am to 5:00 pm.

Note: Our Contact Center cannot process cash advances on non-Summit credit cards over the phone.

Summit does not charge a fee for transferring between Summit accounts if you initiate the transfer in Online Banking or Mobile Banking or at one of our branch locations.

If the transfer is a result of an overdraft where we are transferring automatically to cover an automatic withdrawal or a check clearing your account, you will be charged a transfer fee.

For up-to-date information on our fees, see our .

The International Bank Account Number (IBAN) is an international standard of identifying bank accounts. These numbers are used when making or receiving international payments.

The IBAN varies by country/institution, and does not replace your account number. Only the institution servicing an account can provide the correct IBAN of that account and it must be obtained from the beneficiary of the wire. An IBAN is required for beneficiary accounts in Europe and other countries around the world.

No. The account holders and your financial institution are the only ones who can view your account balances.

There is no monthly or daily limits on the number of ACH withdrawals an account can have.

Absolutely! We belong to the CO-OP shared branch network.

At a shared branch, you may deposit/withdraw from checking or savings accounts, as well as holiday, vacation, or money market accounts. You can also receive a cash advance from an existing credit card, or line of credit and make payments on consumer loans or lines of credit.

Wire Transfers

Fees are subject to change. Please see our for a complete list of fees and service charges.

To request a wire transfer you can call our Contact Center toll-free at (800) 236‐5560, , or , or submit a secure message through Online Banking.

Make sure you have the following information available:

Domestic Transfers

Amount
Beneficiary Name
Beneficiary Street Address
Beneficiary Account Number
Beneficiary Bank ABA Number

Foreign Transfers

Amount
Beneficiary Name
Beneficiary Street Address
Beneficiary Account Number, IBAN (Europe & Costa Rica), or CLABE (Mexico)
Beneficiary Bank SWIFT number or BIC
Purpose of the transaction

If you are receiving a wire transfer to your Summit account, see our .

Foreign Outgoing Wires: $55

You can request a foreign outgoing wire by phone, or in-person at one of our branches. There is a 1:00PM cutoff time for foreign outgoing wires. You will need to provide the following recipient information:

Amount
Beneficiary Name
Beneficiary Street Address
Beneficiary Account Number, IBAN (Europe & Costa Rica), or CLABE (Mexico)
Beneficiary Bank SWIFT number or BIC
Purpose of the transaction

Domestic Outgoing Wires: $20

You can request a domestic outgoing wire by phone, fax, e-mail or in-person at one of our branches. You will need to provide the following recipient information:

Amount
Beneficiary Name
Beneficiary Street Address
Beneficiary Account Number
Beneficiary Bank ABA Number

If sending a wire to your Summit account please see .

Summit does not have a Swift Code, IBAN, BIC or other international routing code, nor do we have a correspondent bank. You are able to wire funds directly to your Summit Credit Union account using our ABA routing number: 275979034.

Direct Deposit

Electronic direct deposits are typically available before our branch locations open in the morning.

Your employer or the government agency that issues your payroll checks is responsible for establishing direct deposit on your behalf. You will typically fill out a basic form requesting the following information, and they’ll do the rest.

Credit union routing number (275979034)
Your checking account number
A voided check to verify the routing & checking numbers
The address of your financial institution. See our .

If you do not have a voided check or if your employer is requesting a verification form, the direct deposit start up form can be used. This is found under the on our website.

If you do not have checks for your account, the can be used.

This form can also be picked up at our .

You may need the following information:

Summit Credit Union Routing Number: 275979034
Summit Credit Union Address
4800 American Parkway
Madison, WI 53718
Your account number
The name on the deposit or payment should match the name on your account
You may also be asked for a voided check

Deposits

Absolutely! We participate in shared branching with CO-OP, a cooperative effort between credit unions nationwide to assist each other’s members. As a result, you can conduct most business on your Summit Credit Union accounts at other credit unions throughout the country as though you were at your Summit Credit Union local branch!

You can mail a check for deposit to the following address:

PO Box 8046
Madison, WI 53708-8046

Please be sure the check is signed by all payees and that you include a deposit slip specifying where the check should be deposited.

If you don't have a deposit slip please indicate on the check where the check should be deposited.

You can also deposit checks into your account by downloading our mobile banking app on your smartphone or other device.

You can deposit checks through our from your smartphone or another device:

Simply use our mobile banking app to take a picture of both sides of the check you would like to deposit
Select the account to receive the deposit
You’re done!

Mobile Deposits are credited immediately but may be subject to a 4 business day hold.

In order to utilize Summit’s mobile deposit feature you must meet the following criteria:

Must have an open (mobile deposit is not available for Assured checking accounts)
Account must be in good standing.

To view the full list of terms and conditions of our mobile deposit, visit the .

Absolutely! We belong to the CO-OP shared branch network.

We absolutely will accept coin deposits! In fact, we have coin counting machines in the lobbies of all of our full service to accommodate our members. Note: You must be a member to utilize our coin counting machine services and this service is not available in our drive up lanes.