What's the difference between Express Deposit and External Funds Transfer?

Express Deposit is meant to quickly deposit funds into your Dort Financial savings or checking account with the purpose of then transferring the funds to make a Dort Financial loan payment. These deposits only come into Dort Financial. Express Deposits cost $2 per deposit and the funds are available by the end of the current business day as long as the deposit is started before 5:00 pm EST.

External Funds Transfer is meant to transfer funds between a Dort Financial account and an account at another bank/credit union. These transfers can either come into Dort Financial or out to another bank/credit union. Transfers into Dort Financial are free and take roughly three business days to complete. Transfers going out of Dort Financial cost $2 and take the same three business days to complete. Next business day transfers are available to some users for a $9 fee.