Why Wire Transfers?
- Allows you to move money quickly
- Fast settlement, even across borders
- It’s a sure thing: Cannot be bounced or held due to insufficient funds
Common Uses:
- Sending funds to family members
- Real estate transactions
- Last-minute vendor payments
- Large interbank transfers
- Paying invoices
- Easily transfer money from your checking or savings to a person or business
Wire transfers can only be initiated and completed on banking days and are not processed on bank holidays or weekends. Once a wire transfer is sent, the funds leave the bank immediately and cannot be returned.
Before you get started, here’s what you need:
- Desired dollar amount for transfer
- Sender’s bank account number
- Recipient’s full name, address, and account number
- Recipient’s bank name, bank address, and routing number or SWIFT code (only for international)
How to send a domestic wire transfer:
- Sign in to Digital Banking
- Expand Payments and click on Wires & ACH
- Click on New Payment
- Select Domestic Wire
- Select your Account from where you would like to initiate the wire
- Click on Process Date and select the date of the wire from the calendar view
- Click on the Recipient/Account box and select + New Recipient
- Enter information in the required boxes (*)
Display Name = Recipient’s Full Name
Account = Recipient’s Account Number
Name = Name of the Bank where funds are being sent
FI ABA Number = Recipient’s Routing Number
Address 1, Address 2, City, State, Postal Code = Address of the Bank where funds are being sent
- Click on the check mark to store your information for the wire OR click on Use Without Save
- Enter the wire Amount and then click Approve to submit the wire
- Select an option to receive your temporary Secure Access Code for approval
- Enter your Secure Access Code in the Enter Code text box and then click Verify
- You are done! Close the window or go to Activity Center to view your Wire details
Be prepared to receive a verification call from Armed Forces Bank's Wire department if this is your first wire. We also call to verify unusual amounts for your account to protect you against fraud.