![]() After the transfer takes place, the funds are available fairly quickly. Since wire transfers are electronic, a bank can complete the transaction if it has specific information regarding who the recipient is and how much money he or she can expect to receive. When you wire funds, you’re not transferring actual cash from one financial institution to another. If you need to send money internationally, you can do so through CHIPS or the Society for Worldwide Interbank Financial Telecommunication ( SWIFT). You can wire money domestically through the Federal Reserve Wire Network ( Fedwire) or the privately run Clearing House Interbank Payments System ( CHIPS). Since the term wire transfer is essentially a catch-all phrase, it may also refer to the wiring of money through a non-bank transfer service such as MoneyGram or Western Union (instead of just bank-to-bank transfers). These days, wire transfers involve the electronic movement of funds between different banks and credit unions. That’s where the phrase wire transfer comes from. ![]() To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs.Back in the day, wire transfers happened through telegraph wires. These ads are based on your specific account relationships with us. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements.Īlso, if you opt out of online behavioral advertising, you may still see ads when you log in to your account, for example through Online Banking or MyMerrill. If you opt out, though, you may still receive generic advertising. If you prefer that we do not use this information, you may opt out of online behavioral advertising. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Relationship-based ads and online behavioral advertising help us do that. We strive to provide you with information about products and services you might find interesting and useful. Please note that in the event you provide an incorrect account number or institutional identifying number, and we are not able to recover the funds, you may lose the amount of the payment order. You may ask for copies of any documents we used in our investigation. If we decide that there was no error, we'll send you a written explanation. We'll tell you the results within 3 business days after completing our investigation. We'll determine whether an error occurred within 90 days after you contact us and we'll correct any error promptly. The confirmation code (provided from the Transfer Receipt) The name of the person receiving the funds, and if you know it, his or her telephone number or address The problem with the transfer, and why you believe it's an error Your name and address (or telephone number) Please have the following information handy: Contact us at 877.337.8357 (or 302.781.6374 from outside of the U.S.).įor international wires initiated by a consumer primarily for personal, family or household purposes, you must contact us within 180 days of the date we indicated to you that funds would be made available to the recipient.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |