Q: What are bank to bank wire transfers?
Q: Where can bank to bank wire transfers be sent?
Q: What does it cost to send a bank to bank wire transfer?
Q: How long does it take to receive funds from a wire transfer?
Q: How much is my receiver charged when picking up the funds?
Q: Can I do a wire transfer over the phone or do I need to come in to CCU in person?
Q: Where do I go to send a wire transfer?
Q: What information do I need to send a wire transfer?
Q: When can I send a wire transfer?
Q: Do I have to have an account at CCU to send bank to bank wire transfers?
Q: What do I need to send a wire transfer to Consumers Credit Union (CCU)?
Q: What is Members United Corporate Federal Credit Union and why are my wire transfers get sent to them?
Q: What is the cost to receive a bank to bank wire transfer?
Q: What if the institution sending the wire transfer has questions?
Q: Do I have to have an account at CCU to receive bank to bank wire transfers?
Q: Are the funds from wire transfers available immediately?
Q: Where are the funds from a wire transfer posted?
Q: How will I know when my wire transfer has been received?
Q: What are bank to bank wire transfers?
A: Wire transfers are a safe, reliable way to transfer funds from an account at one financial institution to an account at a different institution. Bank to bank wire transfers travel through the Federal Reserve System.
Q: Where can bank to bank wire transfers be sent?
A: Bank to Bank wire transfers can be sent to just about any financial institution in the world.
Q: What does it cost to send a bank to bank wire transfer?
A: There are different fees for domestic and foreign wires. Please see our Schedule of Fees & Charges for the amounts. These fees are subject to change without notice.
Q: How long does it take to receive funds from a wire transfer?
A: Wire transfers to US institutions usually take about half of a business day to be received. Normally if they are sent in the morning they are received that afternoon. Wires to foreign countries can take anywhere from a couple of days to a couple of weeks.
Q: How much is my receiver charged when picking up the funds?
A: Your receiver would need to check with their financial institution to see if they will be charged a fee for receiving a wire transfer. Consumers Credit Union does not charge a fee to receive wire transfers.
Q: Can I do a wire transfer over the phone or do I need to come in to CCU in person?
A: As long as you are both the sender and receiver of the wire transfer, we can take your request over the phone. If the wire transfer is going to a third party, you need to come into one of our offices to sign the wire request form. If you will be sending money to the same receiver often, we can assign you a password. Once we have a completed form with your signature on file, all you need to do is call the Accounting Department with your password and the dollar amount of the wire transfer.
Q: Where do I go to send a wire transfer?
A: Simply visit one of our offices in Waukegan, North Waukegan, Mundelein, Round Lake Beach, or Gurnee or call the Accounting Department at (847) 623-3636 ext. 8515.
Q: What information do I need to send a wire transfer?
A: It is strongly recommended either you or your receiver contact the financial institution for their wiring instructions. Generally you will need:
- the name of your receiver,
- the address of your receiver,
- the account number of your receiver,
- the name of their financial institution,
- the routing number of the financial institution,
- the city and state of the financial institution, and
- any special instructions.
Q: When can I send a wire transfer?
A: Wire transfers can be sent:
Monday through Friday from 9 am to 4 pm for domestic wires, and
Monday through Friday from 9 am to 11:30 am for foreign wires.
Q: Do I have to have an account at CCU to send bank to bank wire transfers?
A: Yes, our services are for our members. Joining is easy.
FAQ's for Incoming Bank to Bank wire transfers
Q: What do I need to send a wire transfer to Consumers Credit Union (CCU)?
A: Your wire transfer request must be made with the institution sending the funds. You will need give them these instructions:
Routing number: 271987635
Members United Corporate Federal Credit Union, Warrenville, IL
Further credit to: 271989950
Consumers Credit Union, Waukegan, IL
Final Credit: Your name and account number at CCU
Q: What is Members United Corporate Federal Credit Union and why are my wire transfers sent to them?
A: CCU is not on line with the Federal Reserve System to receive wires directly. Instead they are received by Members United Corporate FCU who then credits our account, and notifies us that your wire transfer was received. The further credit information tells Members United which credit union the wire transfer belongs to.
Q: What is the cost to receive a bank to bank wire transfer?
A: Free. CCU does not charge a fee for receiving a wire transfer.
Q: What if the institution sending the wire transfer has questions?
A: The institution can contact the Accounting Department at (847)623-3636 ext. 8515.
Q: Do I have to have an account at CCU to receive bank to bank wire transfers?
A: Yes, our services are for our members. Joining is easy. CCU does not accept wire transfers sent with the instructions"Pay upon Proper ID".
Q: Are the funds from wire transfers available immediately?
A: Yes.
Q: Where are the funds from a wire transfer posted?
A: Unless specified, we post incoming wire transfers to your Free Checking account. If you would like your funds posted to savings, money market, or applied to a loan, please specify that in your wire transfer request special instructions section.
Q: How will I know when my wire transfer has been received?
A: There are four different ways you can confirm that your wire transfer has been received and posted:
1) You may call the Accounting Department at (847) 623-3636 ext. 8515.
2) You can use our I-Banking feature on this website
3) Call our Audio Service at (847)-249-4569.
4) You will receive a wire transfer confirmation letter in the mail.
