FAQs

Account to Account Transfers

Transfer Money with other Financial Institutions!


What is account-to-account Transfers?

Account-to-account allows you to transfer money between your First Security Bank accounts and accounts that you own at other Financial Institutions using Transfer Money.

Features:

  • You can initiate a one-time transfer, or set up a repeating transfer based on a schedule that you define.
  • You can schedule transfers for dates up to a year in advance.
  • You can set up and manage reminders for transfers you want to make later.

How do I add additional accounts to Bill Pay so I can use Transfer Money?

Log in to Bill Pay and select Transfer Money

  1. Add your account information so that the account can be verified as an account you own
  2. Wait 2 business days
    Bill Pay will make two test deposits and one test withdrawal in to the account that you are adding
  3. Find 2 test deposits
    You will need to look at the transactions of the account you are adding to identify the test deposits.
  4. Enter the deposits on this website 
    You will be asked to enter the two deposit amounts in order to verify that you own the account that you added.

How long does it take to process an account transfer?

The Transfer Date is the date that the money is withdrawn from the From Account. Transfers are typically deposited in your To Account on the transfer date. Transfers may be delayed 3 business days depending on the transfer amount or 5 business days depending on the selected From account. The calendar will show you the earliest available date you can make a transfer.

Will I be charged a fee?

A transfer fee may apply. You will always be made aware of a potential fee before you approve the transfer.

What is my account transfer limit and how is it set?

Transfer limits are determined based on info we received from the consumer credit reporting agency that verified your info when you enrolled in Bill Pay. The limit for your first transfer may be increased as you make subsequent transfers. Transfer limits may vary.

How long is my transfer history stored?

You can review your account transfers for the past 84 months on the Transfer History page. You can also search for a specific transfer by entering a date range.

What should I do if I make a mistake with my transfer?

You can always cancel a pending transfer. If the transfer has been completed you can send a transfer inquiry. Find the transfer on the Transfer History page, click View Detail, and then click the Transfer Inquiry link. Provide as much detail as you can so that you can be better assisted. You can also call First Security Bank at 507-775-2316.

Popmoney

Send, request and receive money the easy way.


What is Popmoney®?

The Popmoney personal payment service lets you send, request and receive money to or from friends, family or just about anyone, online or through your mobile device.

Why Popmoney?

The Popmoney personal payment service eliminates the inconvenience of checks and cash by allowing you to send money to virtually anyone you know or owe directly from your bank account. All you need is the recipient’s email address or mobile number. No hassles for you OR anyone else!

Features:

  • Easy – use your existing bank account; there’s no need to set up a separate account
  • Ready when you are – send money today or schedule future and recurring payments
  • Send requests – request and receive money from one person or a group
  • Truly personal – give your money a more personal touch with Popmoney eGreetings
  • Import your contacts from Gmail©, Yahoo!© and Hotmail© to facilitate sending and receiving money to and from people you know

When would I use Popmoney?

The Popmoney personal payment service can be used for almost all occasions where you need to send, request or receive money!

  • Send money to your child at college
  • Request money for your sports team shirts or a group vacation
  • Pay your dog walker or lawn care service
  • Send rent to your landlord or roommates

How does Popmoney work?

Popmoney works through bill pay, using the same systems and security you rely on today without having to sign up for anything new.

To send money, all you need is the name and email address or mobile number of the recipient. They will get a personalized email or text message indicating you’ve sent them money with instructions on how to pick it up.

If you are owed money, you can request it from someone using their email or mobile number. The money they send will go directly into your bank account.

 

Disclosure:

Popmoney is a registered trademark of Fiserv, Inc., or its affiliates. Terms and conditions apply.

Mortgage Qualification Calculator
Monthly Income
Gross Monthly Salary/Income
Other Monthly Income
Total Monthly Income$5,000.00

Monthly Expenses
Car Payments
Credit Card Payments
Other Loan Payments
Other Monthly Payments
Total Monthly Expenses$700.00

Mortgage Information
Down Payment
Interest Rate%
Length of Loan

Anticipated Mortgage Escrow Expenses
Annual Property Tax Rate%
Homeowner's Insuranceper
Private Mortgage Insuranceper
Association Dues (if any)per
Other Escrowper

Monthly Mortgage Payment Breakdown
Principal & Interest$970.20
Property Taxes$84.80
Homeowner's Insurance$25.00
Private Mortgage Insurance$0.00
Association Dues$0.00
Other Escrow$20.00

Qualification Calculations
Likely Max Monthly Mortgage$1,100.00
Housing Debt Ratio22.00%  (28% maximum)
Total Debt Ratio36.00%  (36% maximum)
Likely Loan Amount$162,109.13
Qualifying Home Value$169,609.13 (includes Down Payment)


All calculators are made available as self-help tools for your independent use with results based on information provided by the user. All examples are hypothetical and are for illustrative purposes only. Calculated results are believed to be accurate but results are not guaranteed. Mortgage calculator results are based upon conventional program guidelines. Other loan programs are available. Further review by a professional is necessary to obtain exact and complete information and available options for your personal circumstances.
Help Window
Clear (Use your browser's 'Refresh' or 'Reset' to restore default values.)
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A title for these calculator results that will help you identify it if you have printed out several versions of the calculator.
Normal monthly income, including taxes, but not including alimony, child support, etc.
Other monthly income such as alimony or child support.
Total amount of 'Monthly Income' entered.
The total amount you spend each month for all car payments.
The total amount you spend each month for all credit card payments.
The total amount you spend each month for all loans (not to include mortgage).
Total of all other monthly obligations you have. (Examples are alimony, child support, legal judgment.)
Total amount of 'Monthly Expenses' entered.
The amount of money you plan to put as a down payment on your property.
The annual percentage rate you will pay for this loan.
How long you will pay on this loan. Also choose whether 'Length of Loan' is years or months.
The percentage of your home's value that your local government charges annually for property taxes.
The likely amount you will pay for homeowner's insurance on a property valued around the price shown as 'Qualifying Home Value'. Also choose whether this is the amount you will pay per year or month.
The likely amount you will pay for private mortgage insurance (PMI) on a loan around the amount shown as 'Likely Loan Amount'. (You will probably pay private mortgage insurance if you borrow at least 80% of your property's value.) Also choose whether this is the amount you will pay per year or month.
Any Homeowner's Association dues you will owe as part of your property's Covenants and Restrictions (CCRs). Also choose whether this is the amount you will pay per year or month.
Any other escrow charges (not property taxes, homeowner's insurance, private mortgage insurance (PMI), or association dues since those are entered individually) that will be paid with your monthly mortgage. (If you're borrowing more that 80% of the home's value you'll likely pay PMI.) One example might be Special Service District (SSD) charges. Also choose whether this is the amount you will pay per year or month.
The portion of 'Likely Max Monthly Mortgage' (shown in the next section) that represents your monthly principal & interest payment.
The portion of 'Likely Max Monthly Mortgage' (shown in the next section) that represents your monthly property tax payment.
The portion of 'Likely Max Monthly Mortgage' (shown in the next section) that represents your monthly homeowner's insurance payment. If 'Homeowner's Insurance' expense (in the section above) is per 'Year', this will be calculated as 'Homeowner's Insurance' / 12 to get the monthly amount.
The portion of 'Likely Max Monthly Mortgage' (shown in the next section) that represents your monthly private mortgage insurance (PMI) payment. If 'Private Mortgage Insurance' expense (in the section above) is per 'Year', this will be calculated as 'Private Mortgage Insurance' / 12 to get the monthly amount.
The portion of 'Likely Max Monthly Mortgage' (shown in the next section) that represents your monthly homeowner's association dues payment. If 'Association Dues' expense (in the section above) is per Year, this will be calculated as 'Association Dues' / 12 to get the monthly amount.
The portion of 'Likely Max Monthly Mortgage' (shown in the next section) that represents your other monthly escrow payment. If 'Other Escrow' expense (in the section above) is per 'Year', this will be calculated as 'Other Escrow' / 12 to get the monthly amount.
Based on your monthly expenses, down payment, anticipated interest rate and mortgage escrow expenses, your monthly mortgage payment should be at most this amount.
The percentage of your monthly income that goes to pay for housing.
The percentage of your monthly income that goes to pay all your debt (including housing).
A mortgage lender will likely finance about this amount for you. This amount is calculated on either your 'Housing Debt Ratio' reaching the maximum 28% or your 'Total Debt Ratio' reaching the maximum 36%.
You should be looking to buy a home or property valued at this or less. This amount is simply the 'Likely Loan Amount' + 'Down Payment' amounts.
Gross Monthly Salary/Income + Other Monthly Income
$5,000.00 = $5,000.00 + $0.00
Car Payments + Credit Card Payments + Other Loan Payments + Other Monthly Payments
$700.00 = $350.00 + $200.00 + $150.00 + $0.00
Total Monthly Income * 36% - Total Monthly Expenses - (Property Taxes + Homeowner's Insurance + Private Mortgage Insurance + Association Dues + Other Escrow)
$970.20 = $5,000.00 * 36% - $700.00 - ($84.80 + $25.00 + $0.00 + $0.00 + $20.00)
(Loan Amount + Down Payment) * Property Tax Rate / 12
$84.80 = ($162,109.13 + $7,500.00) * 0.006000 / 12
Homeowner's Insurance / 12
$25.00 = $300.00 / 12
Private Mortgage Insurance / 12
$0.00 = $0.00 / 12
Association Dues / 12
$0.00 = $0.00 / 12
Other Escrow
$20.00 = $20.00
Principal & Interest + Property Taxes + Homeowner's Insurance + Private Mortgage Insurance + Association Dues + Other Escrow
$1,100.00 = $970.20 + $84.80 + $25.00 + $0.00 + $0.00 + $20.00
Monthly Rent/Mortgage / Total Monthly Income
22.00% = $1,100.00 / ($5,000.00 + $0.00)
(Monthly Mortgage + Total Monthly Expenses) / Total Monthly Income
36.00% = ($1,100.00 + $350.00 + $200.00 + $150.00 + $0.00) / ($5,000.00 + $0.00)
Either 'Housing Debt Ratio' or 'Total Debt Ratio' will be at its maximum all the time. 'Total Monthly Housing Expenses' increases when 'Total Monthly Income' is increased or 'Total Monthly Expenses' is decreased.
Principal & Interest * (((1 + -Rate / 12) ^ Months) - 1) / (-Rate / 12)
$162,109.13 = $970.20 * (((1 + -0.0600 / 12) ^ 360) - 1) / (-0.0600 / 12)
Loan Amount + Down Payment
$169,609.13 = $162,109.13 + $7,500.00
Current Age
Retirement Age
 
Current Household Incomeyearly
Average Salary Increase% yearly
Retirement Contribution% of income
 
Current Retirement Savings
Pre-Retired Savings Growth%
Post-Retired Savings Growth%
 
Social Security Age
Expected Social Security Incomemonthly
 
Average Inflation% yearly
Expected Retired Living Expenses% of income

Retirement Funds Depleted2089
Age at Depletion124


All calculators are made available as self-help tools for your independent use with results based on information provided by the user. All examples are hypothetical and are for illustrative purposes only. Calculated results are believed to be accurate but results are not guaranteed. Investment calculation results are intended only to assist you with investment decisions and is broad in scope and does not consider your unique personal investment needs or financial situation. Growth calculators (like Retirement or Savings) depend on the average return you expect. Since rates of return will vary over time, particularly for these long-term investments, your exact return percentage and results will most certainly be different. Before making any final decisions or implementing any investment strategy, users are advised to obtain additional information and advice from your accountant and other investment advisors who are fully aware of your individual circumstances.
 
Help Window
Clear (Use your browser's 'Refresh' or 'Reset' to restore default values.)
Print Ready Format
Show Calculation Formulas
Related Calculators
Show Additional Fields
Hide Additional Fields
A title for these calculator results that will help you identify it if you have printed out several versions of the calculator.
The age you are today.
The age you will be at retirement.
Your household income. 'Average Salary Increase', 'Retirement Contribution', and 'Expected Retired Living Expenses' will be calculated using this amount so include only steady income that figures into your retirement.
The average percentage you expect your 'Household Income' to increase each year.
The percentage of 'Household Income' that you contribute to your retirement savings or investments.
The current balance of your retirement savings or investments.
The average percentage you expect your 'Retirement Savings' to gain in interest or increased value (not including 'Retirement Contributions') each year BEFORE you retire at which time it is likely you will move to a more conservative growth plan.
The average percentage you expect your 'Retirement Savings' to gain in interest or increased value (not including 'Retirement Contributions') each year AFTER you retire and have set your retirement portfolio to a more conservative growth plan than before retirement.
The age at which you plan to begin receiving monthly Social Security benefits.
The amount your annual Social Security statement shows you will receive if you begin receiving benefits at 'Social Security Age'. This amount will be adjusted for inflation each year.
The average inflation rate which will be used when calculating 'Expected Social Security Income' and 'Expected Retired Living Expenses' to represent those numbers in future dollars.
The percentage of your 'Household Income' you expect to need during retirement. This amount will be adjusted for inflation each year.
The year your retirement funds may run out. 'Never' is good. That means your retirement investment should make more in interest and returns than you draw for living expenses.
Your age when your retirement funds may run out. 'N/A' means your retirement funds should never be run out.
When checked, a section will appear below the calculator showing the complete amortization table.
Sale Price
Down Payment
Interest Rate%
Length of Loan
Additional PrincipalEach Month
Points
Other Closing Costs

Monthly Payment$854.36
Loan Amount$142,500.00
Total Interest$165,069.16
Total Paid$307,569.16
Payoff Time30 Yrs

Number of Payments360
Annual Cost$10,252.32
Points Amount$2,137.50
Total Property Cost$321,706.66


All calculators are made available as self-help tools for your independent use with results based on information provided by the user. All examples are hypothetical and are for illustrative purposes only. Calculated results are believed to be accurate but results are not guaranteed. Mortgage calculator results are based upon conventional program guidelines. Other loan programs are available. Further review by a professional is necessary to obtain exact and complete information and available options for your personal circumstances.

home-equity