When done correctly, wiring funds can be an efficient way to transfer large sums of money quickly. However, if the process is incomplete or done incorrectly, it can cause a huge headache for you, as well as delay the process of the transfer being completed.
This month, we’re going to keep our tip simple:
When wiring funds, it is essential that you ensure you have the correct wiring instructions every time you send a wire. Even if you are someone who frequently sends wires, checking to make sure you have the most up to date wiring instructions is critical! This is information your bank representative will be happy to provide you with prior to sending your wire; all you have to do is ask. Additionally, as a bank policy, if we receive a wire that does not have all of our client’s information on it accurately, we will be returning it to the originating financial institution.
If you have additional questions about our wiring policies, procedures, and instructions, please reach out to our team! We are happy to answer any of your questions.