Personal Banking

Save Money Without Even Thinking About It

Life can get in the way of saving money. There always seems to be something that comes up and takes priority. But having a bit of savings is really important for when life throws you those curve balls. Having some money set aside for unexpected situations can reduce stress and anxiety in what can already be a stressful situation.

Having said that, you can also save money for good things that come your way, like special birthdays, weddings, or an unexpected opportunity.

Either way, saving money is a good habit to get into. At Port Richmond Savings, we give you the tools to make saving money as easy as possible. Your best friend when it comes to saving money is a little thing called Automatic Savings Transfers.

What is an Automatic Savings Transfer?

An automatic savings transfer is a transfer of money into your savings account from another account, which you can set up to move automatically on a schedule that fits your needs.

How do I set up an Automatic Savings Transfer?

You can set up your Automatic Savings Transfers within your PRS Online Banking Account or your PRS Mobile App. Keep in mind, you will need to have a savings account with PRS to move your money into. To learn more about the various savings accounts we offer here at Port Richmond Savings, visit our Savings Accounts page, or give us a call at 215-634-7000.

To set up an Automatic Savings Transfer within your Online Banking Account, simply follow these steps:

1. Log In to your Online Banking Account
2. Click on the Transfers tab
3. Click on the Scheduled Transfers button
4. Click on 'Create a new Scheduled Transfer'
5. Choose which account you are moving money from and to which account you are moving it to.
6. Choose the date to start your transfers on.
7. From here you can choose the frequency of your transfers. You can choose between daily, weekly, bi-weekly, monthly, quarterly, semi-annually, and annually.
8. You can also choose to end your transfers by a specific date, by a specific number of transfers, or just until you decide to cancel them.
9. Click the save button and you're set up!

In the PRS Mobile App, the steps are rather similar:

1. Log into your PRS Mobile App
2. Click the menu icon in the top right of your screen.
3. Choose Transfers in the menu.
4. Press the + sign at the bottom of your screen.
5. Choose your accounts.
6. Choose the amount you would like to have transferred.
7. Choose the date to start your transfers.
8. Choose your recurrence of your transfers. In the mobile app, you also have the option here of making a one-time transfer.
9. Choose your end date, either until you cancel your Automatic Savings Transfers, until a specific date, or until you reach a certain number of transfers.

By setting up Automatic Savings Transfers, you will make saving money a part of your financial routine. And the best part about it is once you set it up, you do not need to do anything else. The designated amount of money you chose will be automatically moved into your savings account at the times you chose. You will be well on your way to reaching your savings goals in no time!

For any questions you have, please call us and speak to our Customer Service at 215-634-7000. They can also help you get set up with saving automatically.