Wire Transfers

What is a wire transfer?

A wire transfer is a type of electronic payment service for transferring funds between financial institutions by wire through the Federal Reserve, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) network, or the Clearing House Interbanks Payment System (CHIPS).

While we only handle wire transfers through the Federal Reserve System, we're able to process international wire transfers through our dedicated correspondent bank.

What information do I need to send a wire transfer?

Member Information

  • Name
  • Account Number
  • Phone Number
  • Purpose of Wire

Financial Institution Information

  • Name
  • ABA/Routing Number
  • SWIFT or Sort Code*
  • City and State
  • Intermediary Bank (if applicable)

Payee Information

  • Name
  • Address
  • Account Number
  • ICAN/CLABE*
  • Any Additional Instructions

Money Transfer Information

  • Transfer Amount
  • Currency*

*Needed for International Wires only

How do I submit a wire transfer?

Phone

Call 615-743-3700 or 800-521-9665 to initiate a transfer by phone.

Branch

Visit your nearest branch to initiate a transfer in person.

How much does it cost to send wire transfer?

Domestic
There is a $20 fee for any wire transfers within U.S. states and territories.

International
There is a $55 fee for any funds wired overseas.

What is the daily deadline for submitting wire transfers?

Domestic
2:00pm CST

International
10:30am CST

How long does it take for a wire transfer to be received?

Domestic
Anticipated Receipt: 1-2 business days

International
Anticipated Receipt: 5-7 business days

Are there any restrictions on where international transfers can be sent?

Southeast Financial does not send wire transfers to Belarus, Cuba, Iran, Sudan, Syria, Yemen or the Crimean Region of Ukraine.

What do I need to receive a wire transfer?

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

  • Name as titled on Southeast Financial account
  • Account number to which the funds should be credited
  • Volunteer Corporate Credit Union Routing/ABA Number: 264182395
  • Southeast Financial's Routing/ABA Number: 264081179
  • Southeast Financial's address: 220 S Royal Oaks Blvd., Franklin, TN 37064

For international transfers, members should instruct the sending financial institution to use a corresponding bank to facilitate the transfer to your account as Southeast Financial is not part of the SWIFT network. Southeast Financial will only receive transfers in U.S. currency.

How much does it cost to receive a wire transfer?

There is a $10 fee associated with receiving a wire transfer. Be aware that the financial institution initiating the transfer may charge a fee.

How long does it take for funds to be available in my account?

Incoming funds are processed upon receipt and posted to accounts the same day if received prior to 6:30pm.

Funds received after the cutoff will be posted the next business day.

How do I cancel a wire?

Call us at 800-521-9653 to cancel your transaction. If the wire is still at Southeast Financial, we can cancel it with no fees assessed.

If your wire has already been processed, we can submit a reversal request to the payee's financial institution and attempt to retrieve the funds.

Please note:

  • Wire transfers are immediate, final, and irrevocable. Reversal attempts may go unanswered.
  • Fees may be assessed by other financial institutions if the reversal request is successful.
  • There is no set time frame for receiving a response from the payee's financial institution. Contact Southeast Financial five business days after the initial cancellation to request an update of your inquiry.
How are exchange rates calculated for sending funds in foreign currency?

Southeast Financial partners with our dedicated correspondent bank to provide exchange rates for converting funds. This rate factors in the cost of exchanging funds in addition to the actual exchange rate. Prior to sending funds to be converted, you'll be quoted an exchange rate. Once agreed to, the rate is "locked" in and will be sent according to the agreed upon rate.

What are SWIFT, BIC, IBAN and CLABE numbers and how do I find them?

Society for Worldwide Interbank Financial Telecommunications (SWIFT) and Bank Identifier Codes (BIC) are used to locate and identify financial institutions that are primarily overseas.

An Internationa Bank Account Number (IBAN) is a series of alphanumeric characters that uniquely identifies an account held predominantly by banks in Eurozone countries. Clave Bancaria Esandarizada (CLABE) is a standard 18-digit number for bank accounts in Mexico.

You can obtain any of these numbers by asking the payee for their wiring instructions.

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