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Wire Transfers

A wire transfer is an electronic transfer of funds from one financial institution to another. IU Credit Union provides domestic and international wire transfer service.

Receiving a Wire Transfer

Wire deposits can be made to your savings or checking account.

Fee: $10*

Anticipated Receipt:

 

What you will need

In order to receive a domestic or international wire transfer, provide the following information to the sending financial institution:

For international transfers, members should instruct the sending financial institution to use a corresponding bank to facilitate the transfer to your account, as IU Credit Union is not part of the SWIFT network. IU Credit Union only receives U.S. dollars.

*The financial institution that initiates the wire transfer may charge a fee as well.

 

Sending a Wire Transfer

Members may initiate a wire transfer in one of several ways:

Domestic

A domestic wire transfer is a transfer of funds within the United States

Fee: $25

 

International

Fee: $40 plus the intermediary bank fee, if applicable

Dollar limitations may apply to requests not received in person. Please note that not all outgoing wire transfers will be processed the same day as they are received.

Funds wired to overseas accounts can be sent in either foreign currency or U.S. dollars. Prior to initiating a transfer, contact the intended payee to request their wiring instructions, thus limiting processing delays and helping insure that funds reach their intended destination.

 

 

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