Wire Transfer

A wire transfer is a fast, secure electronic funds transfer between financial institution accounts all over the world. Wire transfers are commonly used for high-value or urgent transactions. Wire transfers often settle within 24-72 business hours. Wires pose a higher risk of financial loss because, unlike other forms of electronic funds transfers, wire transfers are typically irrevocable once completed; therefore, it is crucial that recipient information and transaction legitimacy be verified.

What are the benefits of Wire Transfers?

Initiating outgoing domestic wire transfers via online banking increases efficiency for business customers because they can send wire transfer requests to the bank without the need to visit a branch location.

 

How to get started with Wire Transfers?

First Community Bank offers business customers the ability to originate outgoing domestic wire transfers via online banking. Once a business customer is set up to initiate outgoing domestic wire transfers, the customer can easily enter and initiate the domestic wire transfer. Once the bank receives and confirms the information, the outgoing wire is sent to the beneficiary bank.

 

WIRE TUTORIAL VIDEOS