Account to account transfer to reduce principal on a loan
You can transfer a payment from one account to another for the purpose of reducing the principal of a current loan. From the Transfer/Loan Payments menu, select Loan Payment.
- Select the account from which you want to transfer a payment.
- Select the account to which you want to apply the payment.
- Type the amount to be applied toward the principal.
- From the drop-down list, select the payment type.
After you have entered the information, click Submit to apply the payment.