The Wire Transfer service allows you to move funds between accounts within different financial institutions. Transfers can be scheduled for the current day or (if applicable) a date in the future. Pending transfers can be reviewed and deleted.
Note: If your FI supports foreign currency transactions, always use US dollars in the dollar amount field. The exchange rate process is managed by the FI and since your account is in US dollars, it will always be debited the US dollar amount. The FI's wire operations area will manage the exchange rate conversion.
The length of time a transfer appears on the various activity screens depends upon the wire status. The table below outlines the default display conditions and the date range availability using the date selection tool:
|
Screen |
Category |
Default "From" |
Default "To" |
Date Range "From" |
Date Range "To" |
Wire Status |
|
Incoming Wires |
|
Today 12:00am |
Today 23:59pm |
Displays up to 10 previous calendar days |
Today |
Processed |
|
Transfer Activity & Transfer Admin Activity |
Pending |
Oldest value dated wire with a status listed in the Wire Status column |
Today plus 30 calendar days into the future |
N.A. |
N.A. |
*Pending *Resubmit |
|
Denied |
Oldest value dated wire with a status listed in the Wire Status column |
Today plus 30 calendar days into the future |
N.A. |
N.A. |
*Denied
| |
|
Sent |
Displays up to 10 previous calendar days |
Today plus 30 calendar days into the future |
Displays up to 10 previous calendar days |
Today plus 30 calendar days into the future |
Received, Delete, Deleted by FI, Downloaded Processed |
* Wires in this status will remain in the wire database indefinitely. For wire statuses that do not have an asterisk, retention period is 10 calendar days.
There is no restriction on dates that can be entered in the "From" and "To" date range fields. Transactions displayed are based upon the value date of the wires within the retention period.
A Word About Daily Transfer Limits
The financial institution a bank, thrift, or credit union may set daily transfer limits for its commercial customers, and each company administrator the customer a bank's customer, a thrift's customer, or a credit union's member., or a person assigned by the customer, who will have administration responsibilities in the Commercial Customer Platform of the application. may set daily transfer limits for that company’s end users. As wire transfers are submitted to the financial institution, the Business Banking system keeps track of the daily limits and transfer totals.
If your company exceeds the limit set by the financial institution, you must contact the financial institution and request an extension of the limit in order to continue.
If the end user an employee of the customer that is given access to application by the company administrator or a user administrator. exceeds the limit set by the company administrator, the system checks the over-limit rules specified for your company. If the restrict option is checked, the user cannot initiate a transfer. If the require approval option is checked, the system marks the status as "Pending" and allow the transfer if it is subsequently approved by the company administrator or a wire administrator.