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Wire Transfers

Have you ever been asked to wire funds to a person or company? Have you ever been offered the option to receive funds via wire transfer? If you’ve never performed a wire transfer, they may seem confusing or intimidating. Here’s everything you need to know about wire transactions with AFCU.

  1. What is a “wire transfer”?. A wire transfer is a way to send money electronically from one bank account to another through a secure network. Wires are often used when you need to send/receive a large amount of money quickly.
  2. Associated risks. Due to the sensitive information required, as well as the wired funds being transferred securely and immediately, criminals will often request funds be transferred via wire when attempting scams. Amherst FCU recommends only sending or receiving wire transfers from persons and businesses you are confident you know and trust. Members are required to read and sign an Outgoing Wire Transfer Disclosure before a wire transfer will be processed.
  3. Sending wires with AFCU. To send a wire, you will need to provide AFCU with the following information: dollar amount & reason for transfer, name of receiving party, home address of receiving party, name & location of receiver’s financial institution, receiving account number, and receiving ABA/routing number for domestic wires, or SWIFT code for international wires (larger institutions may have multiple routing numbers). It is the member’s responsibility to ensure accuracy when providing the recipient’s information. Incorrect information may result in delays or, in a worst-case scenario, loss of funds. Click here to download a blank copy of the Outgoing Wire Form.
  4. Receiving wires with AFCU. Wires intended for accounts held at AFCU must be sent through our corporate credit union, Alloya Corporate Federal Credit Union. Attempting to wire funds directly to AFCU via account and routing number will prove unsuccessful. Click here to download a copy of our Incoming Wire Instructions containing important details for the initiating institution.

Additional Tips:
There is a fee of $25 for domestic outgoing wire transfers, and a fee of $40 for foreign outgoing wire transfers.

Published December 1, 2025