A: Unless specified, we post incoming wire transfers to your Rewards 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.
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.
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.
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.