About International Wire Transfers

International wire transfers are a safe, easy, inexpensive and convenient way to send money around the world.  A wire transfer allows you to move money from your bank account to another account, no matter where it is located. Not only can you request an international wire transfer from your bank in person, requests may also be made by mail or fax.

To make sending international wire transfers a simple task, be sure you have all the information your bank or financial institution will require before you make your request.  

The bank will first need to verify that you do indeed have the requested amount of money in your account.  They will require your name, address, signature and the account number that the funds are to be taken from. Addresses can not be P.O. boxes. They will need to know if you want the wire transfer to in U.S. dollars or in foreign currency and the date you want to send the international wire transfer. Lastly, they’ll also require a telephone number where they can reach you if needed and for verification. 

Once they have your information, the details of the beneficiary or the person who is to receive the money is required.  Along with their name and address, you’ll need the financial institution or bank name and bank’s street address of the bank containing the beneficiary’s account where the funds are to be sent. The account number must be in IBAN format for international wire transfers to most countries in Europe. You also need the bank ID code-BIC, CHIPS, or Swift code identifying the beneficiary’s bank. 

Once the international wire transfer is send, be sure to get a confirmation number, so you can track the transfer. Ask the beneficiary or receiving bank to confirm the funds arrived.