Domestic
What is the fee to send a domestic wire?
$15
What is the cutoff to send international wires?
1:30
What is the fee for incoming wires?
$10
What is the process if a member comes in to send a domestic wire after the cutoff time?
The wire can be set up to be sent the next day.
What is the international wire fee for PC members?
$45 (not waived)
What document do we need in order to send a wire off of a business account?
Business wire agreement
True or False - Elevated approval is needed for domestic wires over $600k
True
True or False - Elevated approval is needed for international wires over $100k
True
What is the process if a member brings in cash to send their wire?
Each bill must be verified under fraud fighter using dual control
What 5 key pieces of information should the member provide in order to send a wire?
- Beneficiary name
- Beneficiary address
- Routing number
- Account number
- Amount to be sent
What is required for an international wire that is being sent to purchase something?
Invoice/purchase contract
What is the wire process on Saturdays?
Emergency wire form
Name the 2 high risk wires
Out of state auto purchases and Bitcoin/Crypto
What is the second form the member needs to sign for an international wire?
Dodd Frank Act
What are the 4 questions we should be asking our members when sending a wire?
- Why are you sending this wire?
- Who are you sending this wire to?
- What is your relation to the beneficiary?
- How are you in contact with the beneficiary?