How to Wire Money Bank to Bank

by Amanda Hevener; Updated September 26, 2017

A wire transfer is an efficient way to move money from one bank account to another. They work electronically, and the transferred money usually arrives at its destination within one or two business days, possibly longer with an international transfer. There is no hold on wired funds once they reach their destination, unlike standard bank policies regarding checks and similar instruments. In order to request and complete a wire transfer, there are a number of steps that need to be followed. Not following them can result in an incomplete transfer, in which the money either ends up in limbo or is returned to the sender.

Items you will need

  • Receiving bank address
  • Receiving bank routing number
  • Receiving bank account number

Wire Transfer Paperwork

Step 1

Fill out a bank account withdrawal slip or check for the amount of money being wired from your account, plus the amount of the wire fee. This is necessary in order to remove the money from your bank account. If you want to wire cash, you will first need to deposit it into your account, due to federal banking guidelines designed to reduce money laundering and terrorism.

Step 2

Use ink to fill out the wire transfer form with your information, plus the recipient's complete information, including bank routing number and account number. The recipient's full name and address are also required. In order for the wired money to electronically reach its destination. This information must be very accurate. The bank routing number is found to the left of the account number on a check. However, if you do not have the recipient's bank routing number, you or a bank representative will need to verify it with the receiving bank. Also, some larger banks have special wire transfer routing numbers. All of this needs to be verified before the wire transfer paperwork is submitted, otherwise the money may not end up where it needs to go.

Step 3

Sign the form at the bottom. This is necessary, as your signature approves the wire transfer request. Wire transfer forms are kept as official bank records, so if anything should occur later, such as the recipient not receiving the funds, the signed form provides the first step in the verification process needed to trace the money.

Step 4

Hand your withdrawal slip or check, and the wire transfer form to the appropriate bank employee. The employee will look over the form to ensure that it is properly filled out. Once the employee verifies the information on the form, he or she will then process the wire, which involves removing the money from your account and placing it in the bank's official wire account.

Warnings

  • You may need additional information when completing an international transfer, including a SWIFT code. SWIFT is short for SWIFTBIC, which stands for Society for Worldwide Interbank Financial Telecommunication Bank Identifier Code. It is a combination of eight letters and numbers that identify the particular international bank that is receiving the money. U.S. Banks have SWIFT codes as well, which are used when receiving money from a foreign bank. You will not need a SWIFT code if you are sending money from one domestic bank to another.

About the Author

Amanda Hevener has been a freelance writer and photographer since 2006. She is a member of the Akron Press Club. Her writing has appeared on SeededBuzz, Swords.com, Baseball Fandom and Deep Left Field. She reviews restaurants for AltOhio and other websites. She has a Bachelor of Arts in journalism and English from Ashland University.