Wire Transfers

Wire Transfers are a safe way to move money between accounts in different financial institutions. You can request an outgoing Wire from UMassFive by logging into online banking,  visiting one of our branches or by calling the Contact Center. A wire charge is incurred for this service. 

UMassFive accepts incoming Wire Transfers, and collected funds may be wired out domestically or internationally. All information presented must be written legibly in English. Wire Transfers occur only on business days (Monday - Friday), not including Federal Holidays.

Domestic Wire Transfers must be received during business hours before 4:00 p.m. Eastern Standard Time to be processed that day.

International Wire Transfers must be initiated during business hours, Monday to Friday during business hours before 2:00 p.m. Eastern Standard Time, to be processed the same day. UMassFive must also provide a receipt when payment is made so, please plan on remaining in the Branch until the wire is completed. The wait time could possibly be up to 30 minutes.

If another institution is wiring funds into your UMassFive account, please provide them with the appropriate information below for domestic or international transfers:

When instructing UMassFive to send your funds by wire to another institution, we will need:

• Your name, member number, and share type from which to withdraw the funds and fees
• Receiving bank name with ABA Number and address
• Intermediary bank name with account number and address (if applicable)
• Final beneficiary name with account number, address, and any special instructions
• SWIFT Number, IBAN Number, or bank code (for international wire transfers only)
• Purpose of payment (for international wire transfers only)

It is the member’s responsibility to provide complete and accurate information to process a Wire Transfer. A fee is assessed if the member requests research.