How to Wire Transfer Money

Wiring money at Murphy-Wall State Bank can be a quick and convenient way to transfer funds to someone else, either domestically or internationally. This method of transfer is faster and more secure than mailing a check and provides immediate access to the funds at the receiving end. In this blog, we’ll walk you through the steps for wiring money, including what you need to know, and the potential fees involved. Continue reading for steps to initiate a wire transfer in-person or, if you are a Cash Management (Commerical) customer, check the video at the end of the blog on how to initiate a wire transfer through the Murphy-Wall Mobile App.

Step 1: Gather the Necessary Information

Before you wire money, you will need to gather some information about the recipient. This typically includes their name, address, account number, routing number, and the receiving bank’s name and address.

Step 2: Visit Your Local Bank Branch

Wiring money in-person can be done at any bank branch. A customer representative can help you fill out the necessary paperwork and guide you through the process. You will need to present a valid form of identification and provide the information gathered in step 1.

Step 3: Pay the Fee

There will be a fee associated with wiring money, which can vary depending on the bank and the amount being transferred. Be sure to ask the representative about the fee amount and any additional charges that may apply, such as an international wire transfer fee. When wiring money at Murphy-Wall State Bank, there is a $25.00 fee for Incoming and Outgoing Domestic Wire Transfers and a $50.00 fee for all International Wire Transfers.

Step 4: Verify the Details

Before completing the transfer, make sure to double-check all the information provided, including the recipient’s name, address, and account number. It is important to ensure that the information is accurate to avoid any delays or mistakes.

Step 5: Complete the Transfer

Once you have verified the information and paid the fee, the representative will complete the transfer. They will provide you with a confirmation number and the expected date that the funds will be available to the recipient.

Step 6: Keep Records

It is always a good idea to keep a record of the wire transfer, including the confirmation number, the fee amount, and the expected date of availability. This information can be useful if something goes wrong or if you need to track the transfer.

In conclusion, wiring money at a bank in-person can be a quick and secure way to transfer funds to someone else. It is important to gather all the necessary information, understand the fees involved, and verify the details before completing the transfer. By following these steps, you can ensure that your wire transfer is processed smoothly and without any issues. If you have any questions or concerns, be sure to ask a customer representative for assistance.

Forms

If you would like to start the process for initiating a Wire Transfer before coming into a Murphy-Wall branch, please click below and fill out either the Incoming or Outgoing Wire form with as much information as possible.

Wire Transfer Forms

Online Wire Instructions for Cash Management Customers

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