Free Domestic Wire Transfers: Fast, Secure, and Cost-Effective Payments

In today's fast-paced financial world, the ability to move money quickly and securely is essential. At our bank, we're proud to offer domestic wire transfers as a free service to all our customers. Here's what you need to know about wire transfers and how they can benefit you.

What is a Wire Transfer?

A wire transfer is an electronic method of moving money between bank accounts. It's one of the fastest ways to send funds, often completing within a few hours. Unlike ACH transfers, which are processed in batches, wire transfers are processed individually, making them ideal for time-sensitive transactions.

Our Free Domestic Wire Transfer Service

We understand the importance of cost-effective banking solutions. That's why we offer free domestic wire transfers to all our account holders. While many banks charge fees ranging from $15 to $35 per transaction, we've eliminated these costs to provide a more valuable service.

How to Send a Domestic Wire Transfer

To initiate a wire transfer, you'll need to provide the following information:

  • Recipient's full name

  • Recipient's bank account number

  • Recipient's bank's routing number (ABA number)

  • Amount to be transferred

You can easily set up a wire transfer through our online banking platform.

Benefits of Using Our Wire Transfer Service

  1. Speed: Domestic wire transfers are typically processed within 24 hours, often within just a few hours.

  2. Security: Wire transfers are highly secure, with multiple verification steps to ensure the safety of your funds.

  3. No Fees: Unlike many other banks, we offer this service completely free of charge for domestic transfers.

  4. Convenience: Easily send large sums of money without the need for checks or cash.

When to Use Wire Transfers

Wire transfers are ideal for:

  • Time-sensitive payments

  • Large purchases

  • Sending money to vendors who need funds quickly

Important Considerations

While wire transfers are fast and convenient, it's important to remember that they are typically irreversible once sent. Always double-check the recipient's information before initiating a transfer.

By offering free domestic wire transfers, we're committed to providing you with flexible, cost-effective banking solutions. Whether you're making a large purchase or sending money to loved ones, our wire transfer service is here to meet your needs quickly and efficiently.

Disclaimers and footnotes

© 2023-2024 Holdings Financial Technologies Inc. All rights reserved.

Holdings is a financial technology company, not a bank. Banking services provided by Evolve Bank & Trust and i3 Bank, Members FDIC. The Holdings Visa® Debit Card is issued by i3 Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
Funds deposited in your Holdings account are held by Evolve Bank & Trust and i3 Bank, Members FDIC. The standard deposit amount is $250,000 per depositor, per insured bank, for each account ownership category.

Through Evolve's Sweep Program, funds may be eligible for up to $5M in FDIC insurance. Find additional information about the Sweep Program here. Through i3 Bank's Sweep Program, funds may be eligible for up to $3M in FDIC insurance. Find additional information about the Sweep Program here