We’ve launched our new Loan Pay process sooner to help members during this unprecedented time. Starting Thursday, March 26, members can pay their 7 17 Credit Union loan using a savings account, checking account or a debit card from another financial institution through NetWorth24’s Online Banking or Mobile App.
Plus, members now have the option of setting up recurring payments, and can benefit from an extended 4:30 p.m. cutoff for same day processing!
Because this is a new process, please note that new and existing users of this service using a savings or checking account must complete a validation process before they can use their external financial institution account to make a 7 17 loan payment.
During the validation process, members will see two trial deposits go in and out of their account at their other financial institution. The validation process can take up to three days. Once completed, the validation process does not need to be repeated unless the external account information changes.
Setting up your external financial institution is simple.
- Using NetWorth24’s Online Banking or Mobile App, select the Loan Pay option* and
- Enter your external financial institution’s information.
*You can find the Loan Pay option under the “Move Money” tab in online banking or the “More” menu bar on the mobile app.
The service is free for members paying with a savings or checking account from another financial institution. Members that choose to pay with a debit card will incur a $4 processing fee.
For more information on 7 17’s new Loan Pay process, visit our Loan Pay FAQs