|Waterfield Bank uses Yodlee for online funds transfers|
Service lets bank customers transfer funds between multiple accounts--including third-party accounts--online
IRVINE, Calif. (June 22, 2009) — Waterfield Technologies, a member of the Waterfield family of financial institutions, today announced a strategic partnership with online funds transfer service provider Yodlee®, Inc. to let Waterfield Bank customers easily transfer money between multiple bank accounts, including third-party brokerage accounts. The new funds transfer service is now available to all Waterfield Bank customers.
“Our customers expect us to offer innovative and cutting edge financial solutions. It is simply not enough to offer only basic online capabilities; customers want to be able to access all of their investments and execute transactions between multiple accounts with one click,” said J. Randall Waterfield, co-CEO of Waterfield Bank’s holding company. “Our partnership with Yodlee gives our customers the access and flexibility they require, all in a timely and cost-effective manner.”
Through this partnership, Waterfield Bank now offers seamless one- and three-day funds transfer services between separate accounts. Customers needing to make immediate transfers can use the expedited one-day service, while other non-time-sensitive transactions are completed within three days.
Yodlee FundsTransfer is the industry’s only integrated money movement solution with full support for IRA accounts and unique account verification technology to authenticate users and provide real-time account balances, reducing risk and improving the consumer experience.
“Given today’s financial climate, banks need to do more to not only earn customers’ business but also their trust,” said Waterfield. “By giving our customers the options they need and supporting them with our deep-rooted commitment to safe and secure banking, our customers are confident they are receiving the best possible service and banking experience.”
Additionally, Waterfield Bank provides access to up to $750,000 in FDIC insurance through a single account, allowing customers the ability to keep large investments in one place – receiving one statement, one check book and one debit card. This is another example of its commitment to industry-leading financial services.
For additional information, visit www.waterfield.com.
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