How do I make a Principal Only Payment in digital banking?
To make a principal only payment:
- Log In to digital banking and navigate to the Transfers screen.
- Click on "Make a Transfer"
- You will want to ensure that your “From” account is the account you are wanting to make a principal only payment out of.
- Then, click the “To” box, and click on the loan you would like to make a principal only payment to.
- Specify the amount you would like to make your principal only payment for in the “Amount” section.
- Finally, click the “More Options” button at the bottom, and change the “Type” from regular to “Principal-Only”
- After you have ensured that all of your information entered is correct, click "Submit" to make your Principal Only Payment.
*Please note that Principal only payments may only be made on demand and may not be set up as reoccurring payments.
*You may also not make principal only payments on Mortgage Loans. For any Principal only Payments on mortgages please call or visit one of our Truity Credit Union locations.