FDIC Insured · NMLS #480228

Exchange Bank Wire Transfers — Domestic & International

Move money quickly and securely with Exchange Bank wire transfer services. Whether you are sending funds across the country or overseas, our wire transfer platform delivers with clear fees, firm cutoff times, and the traceability your transactions require.

Exchange Bank Wire Transfers — How It Works

Exchange Bank offers domestic wire transfers processed through the Federal Reserve's Fedwire system and international wires via the SWIFT network. Domestic wires submitted by 4:00 PM ET on business days settle the same day. International wires require a 2:00 PM ET cutoff and typically arrive within 1–3 business days depending on the destination country. Fees are $25 for domestic outgoing wires and $45 for international outgoing wires. Contact wire transfer support at (800) 397-3962.

The Basics

How Exchange Bank Wire Transfers Work

Wire transfers are direct, bank-to-bank electronic fund movements. Unlike ACH or check payments, wires settle individually rather than in batches, making them the standard for time-sensitive and high-value transactions.

Submitting a Wire Transfer

To initiate a wire transfer through Exchange Bank, log in to online banking at exchangebank.co.com/login.html and navigate to the Transfers section. Select "Wire Transfer," choose the source account, and enter the recipient information. Domestic wires require the recipient's routing number and account number. International wires additionally require the SWIFT/BIC code, recipient bank name and address, and recipient country.

Wire requests submitted before the applicable cutoff time on a business day are processed the same day. Requests received after cutoff or on weekends and federal holidays queue for the next business day. You will receive an email confirmation once your wire is submitted and a second notification when it is released.

Same-Day Domestic Settlement

Exchange Bank routes domestic outgoing wires through the Fedwire Funds Service operated by the Federal Reserve. Funds transferred via Fedwire settle in real time between financial institutions. In practice, recipients at most U.S. banks see funds credited within hours of the wire being released — often the same afternoon. For time-critical business payments such as real estate closings or contractor payments, domestic wire transfer remains the most reliable option Exchange Bank offers.

International Wire Transfers via SWIFT

Cross-border wires travel through the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network. Exchange Bank assigns a unique reference number to each international wire for tracking purposes. Delivery time ranges from one to three business days for most destinations, though some countries with less-developed banking infrastructure or currency controls may take longer. Exchange Bank does not restrict which countries you may wire to, but OFAC regulations prohibit transfers to sanctioned nations. For regulatory context on international transfers, the Consumer Financial Protection Bureau publishes guidance at consumerfinance.gov.

Side-by-Side Comparison

Domestic vs. International Wire Transfers at Exchange Bank

Use the table below to compare key details before submitting your wire request.

Feature	Domestic Wire	International Wire
Cutoff Time	4:00 PM ET (business days)	2:00 PM ET (business days)
Outgoing Fee	$25 per wire	$45 per wire
Delivery Time	Same business day	1–3 business days
Required Info	Routing number, account number, recipient name	SWIFT/BIC code, IBAN (if applicable), recipient name & address, bank name & address
Daily Limit	$250,000 per day (online)	$100,000 per day (online)
Network	Fedwire Funds Service	SWIFT
Cancellable?	Possible before release — call immediately	Generally not once transmitted

Higher limits available for business accounts. Call (800) 397-3962 for limit increases.

Know Your Options

Wire Transfer vs. ACH — Choosing the Right Method

Not every payment needs to be a wire. Understanding the difference helps you avoid unnecessary fees and choose the transfer type that fits your timeline.

Speed

Wires settle the same day or within 3 business days for international. ACH transfers typically take 1–3 business days for standard delivery, though same-day ACH is available for some transactions up to $1 million.

Cost

Exchange Bank charges $25–$45 per outgoing wire. ACH transfers initiated through online banking are free for most personal accounts and low-cost for business accounts. For recurring payroll or vendor payments, ACH is almost always the better value.

Reversibility

ACH transfers can be reversed under specific conditions within a defined window — typically 5 business days. Wire transfers are generally final once released. This finality makes wires preferable for real estate closings, large purchases, and situations where the recipient needs certainty of funds.

Fraud Prevention

Wire Transfer Security at Exchange Bank

Wire fraud is one of the most common financial crimes targeting businesses. Exchange Bank takes several steps to protect customers — and there are steps you can take too.

Multi-Factor Authentication

Every wire transfer initiated through online banking requires multi-factor authentication. After logging in, you will receive a one-time code by SMS or authenticator app that must be entered before the wire is submitted. This step cannot be bypassed.

Callback Verification

For wires above certain thresholds, Exchange Bank may call you at your verified phone number on file to confirm the transaction. Never provide wire instructions received by email without independently verifying the recipient using a known, trusted phone number.

Business Email Compromise Awareness

If a vendor, attorney, or business contact sends you new wire instructions by email — especially close to a closing or payment deadline — treat it as suspicious. Call the contact directly using a number you already have, not one from the email. Exchange Bank will never send wire instructions by unsolicited email.

FAQ

Exchange Bank Wire Transfer — Common Questions

Answers to the questions customers ask most before sending their first wire.

What is the wire transfer cutoff time at Exchange Bank?

Exchange Bank processes domestic wire transfers submitted by 4:00 PM ET on business days. International wires must be submitted by 2:00 PM ET to be processed the same business day. Any request received after these cutoff times — or on weekends and federal holidays — is queued for the next business day. If your wire is time-sensitive, submit well before the cutoff to allow for any identity verification steps.

Can I cancel a wire transfer after it has been sent?

Domestic wire transfers may be recalled if you contact Exchange Bank at (800) 397-3962 before the wire is released to the Federal Reserve. Once released, recall depends entirely on the receiving bank's willingness to cooperate — it is not guaranteed. International wires are generally not cancellable once transmitted through the SWIFT network. Act immediately and do not wait to see if the funds return on their own.

Do I need a SWIFT code to send an international wire?

Yes. The recipient bank's SWIFT/BIC code is required for all international wire transfers. You also need the recipient's full legal name, their account number or IBAN (required for European and many other international accounts), the recipient bank's full name and street address, and the recipient's country. Missing even one field will cause the wire to be returned, often with a fee deducted by the correspondent bank.

What is the fee for an international wire transfer?

Exchange Bank charges $45 per outgoing international wire transfer. This covers Exchange Bank's portion of the transaction, but correspondent and intermediary banks along the SWIFT route may deduct their own fees from the principal amount. The receiving bank may also charge a fee to credit the funds to the recipient's account. To ensure a specific net amount arrives, discuss the gross amount needed with the recipient before initiating the wire.

What is the difference between a wire transfer and an ACH transfer?

Wire transfers settle individually and in real time through the Fedwire system, making them final and irrevocable once released. ACH transfers move through the Automated Clearing House network in daily batches and typically take 1–3 business days to complete. Wires cost more ($25–$45) but provide same-day or next-day delivery with certainty. ACH is free or low-cost and suitable for payroll, recurring bills, and non-urgent transfers. Use a wire when speed and finality matter; use ACH when cost efficiency and scheduling flexibility are the priority.

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