Can I pay my loan online?

Great question! Online banking supports regular and principal-only loan payments made from a Gate City Bank checking or savings account. You can make a payment using a checking or savings account at another financial institution using external transfers.

When making a transfer to a loan, you’ll have the following options:

  • Payment due
  • Custom amount
  • Pay to $0 (available only for checking reserve or line of credit)
  • Principal-only payment

Please note: You must make your regular payment before paying an additional amount to the principal. You may receive an error message if you attempt to make a principal-only payment before making your regular payment on a mortgage loan.

Related Questions

We’re happy to help with this! Account alerts can easily be set up in online banking or by using our mobile app, and you can opt to receive them via email or text message. We’ve created alerts for:

  • Balances: When either the available balance or actual balance of the account changes.
  • Daily Balances: With either the available balance or actual balance. (You can even specify the alert delivery time.)
  • Cleared Checks: When a specific check number clears the selected account.
  • Loans That Are Due: Before a loan payment is due or if the selected loan is past due. Choose to receive additional reminders after a specified number of days.
  • Maturity: Before the account reaches maturity or when the account reaches maturity. Choose to receive additional reminders after a specified number of days.
  • Transactions: For specific transaction types.
  • Secure Messages: When a new secure message is sent.
  • Debit Cards: For the following:
    • All transactions
    • Transactions over a specified amount
    • International transactions
    • Specific merchant types
    • Specific transaction types

Alerts are processed at the top of every hour. You may not receive your alert immediately as the file can take some time to process.

We’re happy to provide clarity! Rest assured that your online balances, transfers and transaction history are live and up-to-the-minute. Online banking will show balances and any transactions that have occurred during the current day.

Great question! The current balance is the amount of money that is actually in your account at any given time. It reflects only transactions that have posted to your account, not authorized transactions that are pending. The available balance is the account balance minus any funds preauthorized or held (such as outstanding debit card transactions or deposited check holds).

A pending item is a transaction that hasn’t been fully processed yet, such as a debit card purchase. It typically posts to your account within one to two business days, as determined by the merchant.

For Quicken® (.qfx) or QuickBooks™ (QBO): Click ”Download Transactions” from below “Accounts” in the main menu. From there, select the account and the date range for the transactions.

For Excel (.csv): Click on “Account History” from below “Accounts” in the main menu. From there, select the account and number of days to show. Then, to download, click “Spreadsheet” from just above the transactions table.

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