Funds Move Same Day
Move money fast when it matters; conditions apply.
Saves You Time
Initiate directly in the app. No need to go to the bank.
Full Tracking
Know where your money is from start to finish.
Wire Origination helps you send eligible funds the same business day when requests are submitted and processed before applicable cutoff times. Wire transfers are subject to verification, approval, security procedures, and receiving institution processing. For your protection, we may contact you to verify certain wire transfer requests.
More than just fast transfers.
A full set of features to move your money quickly and help keep it secure every step of the way.
-
Domestic and international wire transfers: Suitable for large-dollar transactions.
-
Same-day settlement: Same-day payment delivery that can settle in hours when sent before cutoff times.
-
Customizable user permissions: Improves security by controlling who can send wires.
-
Multi-factor authentication: Added security to help stop unauthorized access to your funds.
-
Secure payment routing: Every wire is validated and routed through a secure processing network, reducing errors and adding protection at each step.
-
Full reporting and tracking capabilities: Reduce manual tracking and get complete audit trails for security and compliance.
How does wire origination work?
Every wire is handled with the same care and security you'd expect walking into a branch.
-
Submit your wire request online in the app.
-
Verify your identity with a one-time security code.
-
For your protection, we may contact you to verify certain wire transfer requests.
-
We securely route your wire for processing.
-
.We conduct a required compliance and security review before release.
-
Your wire is sent to the Federal Reserve, and you're notified it's on its way.
When is the cutoff time for wire origination?
|
Activity |
Time |
|---|---|
|
Wire Submission Cutoff |
1:00 p.m. PT |
|
Settlement |
Same day if verified, approved, and processed before cutoff; otherwise next business day or later, depending on processing requirements |
What are the fees for wire origination?
|
Service |
Fee |
|---|---|
|
Domestic Wire |
Outgoing: $30 per wire; Incoming: $10 per wire |
|
International Wire |
Outgoing: $60 per wire; Incoming: $15 per wire |
|
Analyzed Business Checking Account |
2 free domestic wires per month |
Wire Origination FAQs
Wires generally settle the same day and are built for time-sensitive, high-value transactions like real estate closings or urgent vendor payments. ACH origination costs less, typically settles in one to two business days, and is a better fit for routine payments like payroll. If timing is critical, wire is the right choice.
Yes. Wire origination supports both domestic and international transfers, so that you can move funds across borders with the same speed and security as a domestic wire.
No. You can send a wire through our digital banking app, making it convenient and easy. For your protection, we may contact you to verify certain wire transfer requests.
The callback is an added layer of protection that confirms you authorized the wire before it's sent. It takes a few extra minutes, but it keeps large, time-sensitive transactions secure.
Wire origination is built for large-dollar transactions, and limits vary by account and business needs. Your business banking relationship manager or a member of our business banking team can walk you through what's available for your business. Contact them directly or call 866.755.0628.
We'll notify you once your wire is released to the Federal Reserve, and you can track its status from start to finish with full reporting.
All three business checking accounts charge $30 per outgoing domestic wire, $10 per incoming domestic wire; $60 per outgoing international wire, $15 per incoming international wire. Analyzed Business Checking includes 2 free domestic wires per month.
*Membership eligibility required. Wire Origination is available with eligible FIG Credit Union business checking accounts and requires enrollment, approval, and execution of the applicable Wire Transfer Agreement.
Wire requests are subject to the security procedures established in the Wire Transfer Agreement, including applicable authentication, callback verification, and approval requirements. Wire transfers are subject to applicable transaction limits, cutoff times, available funds, fees, and other terms and conditions.
Domestic outgoing wires are $30 per wire and incoming wires are $10 per wire. International outgoing wires are $60 per wire and incoming wires are $15 per wire. Analyzed Business Checking includes two domestic wires per month. Additional fees, including intermediary or receiving financial institution fees, may apply. See the applicable fee schedule and Wire Transfer Agreement for complete terms and conditions.
Wire transfer requests may be difficult or impossible to cancel or amend after acceptance or processing. Submission before the applicable cutoff time does not guarantee same-day receipt or availability of funds by the beneficiary.