Wire Transfers

Performing a Wire Transfer

Clean Energy Credit Union wire transfers are a fast and secure way to electronically send money between your account and another financial institution. Whether you’re sending funds domestically or internationally, our wire transfer service offers same-day processing for transfers initiated before 1:00 PM MST, so your money gets where it needs to go without delay.

Incoming Transfer

  1. Wire Instructions: To execute a wire transfer of funds from another financial institution to your Clean Energy Credit Union account. Please utilize the Incoming Wire Transfer Instructions and send to the financial instruction sending the funds.
  2. If you would like confirmation of your incoming wire transfer, please reach out to our member service team.

Please note:

  • For international incoming wire transfers, please contact our member service team to obtain the specific instructions based on currency.
  • There is no fee from Clean Energy Credit Union for incoming wire transfers.

Incoming Wire Instructions

Outgoing Transfer

To initiate an outgoing wire transfer, contact our member service team to request the outgoing wire form. Before reaching out, we ask that you please have the wiring instructions from the receiving institution or company on hand to ensure a smooth and timely transfer.

International Wire Transfers

Daily transfer limits for international wires are based on your membership duration:

  • Members for less than one year: Up to $3,000 per day*
  • Members for one year or more: Up to $10,000 per day*

Please note that we reserve the right to decline any international wire transfer that appears suspicious or potentially fraudulent, regardless of whether it falls within these limits.

*Limits are subject to change. Contact our member service team with any questions.

Associated Fees:

Wire Transfer Fees – Outgoing

Domestic

$25

International

$45

 

Tips for a Smooth Wire Transfer

  • Double-check recipient details to ensure accuracy and prevent errors.
  • Confirm the fees associated with the transfer with your bank before initiating the transaction.
  • Be aware of processing times, especially for international wire transfers, which may take longer due to differing time zones and intermediary bank processes.
  • Note that funds deposited within the last three business days may not be available for wire transfer, contact our member service team if you have questions about fund availability.

Frequently Asked Questions

The cut off time for both incoming and outgoing same day wire transfers is 1pm MST.

The main differences between wire transfers and ACH transfers are speed, cost, and how they work behind the scenes:

Wire transfers typically arrive in the recipient’s account within the same business day if initiated prior to the 1pm cut off time, while ACH transfers typically take 1-3 business days to reach the recipient. They batch up transfers and process them at specific times throughout the day. While there is no fee for incoming wire transfers, outgoing wires typically have a fee of $20 for domestic and $40 for international. Wire transfers go directly from your bank to the recipient’s bank, using a secure messaging network, ACH transfers travel through a central hub called the Automated Clearing House. They gather with other transfers and batch them for processing.

To confirm that your wire transfer has been received and posted, you can reach out to our member service team via phone, email or chat or log into your account via online banking to see if the funds have been deposited. We will also send you a receipt.

Our member service team is happy to answer any questions that may arise. Please reach out to the team via phone, email or chat. Sending a completed version of our incoming wire instructions to the other financial institution is the best way to avoid issues.

Yes, for your security, you will be required to complete identity verification each time you initiate an outgoing wire transfer.

To send funds abroad, you’ll need:
• Recipient’s full name and address
• Recipient’s bank name, address, and SWIFT/BIC code
• Account number or IBAN
• Currency and amount
• Purpose of the transfer (if required by destination country)

To receive funds from abroad, please share the following with the sender:
• Your full name and account number
• Our credit union’s name and address
• SWIFT/BIC code (via our correspondent bank)
Any intermediary bank details we provide

Yes, if the transfer hasn’t been processed.

  • Immediate transfers: Cancel within 30 minutes
  • Scheduled transfers: Cancel at least three business days before the transfer date

Yes. Wire transfers are secure, but not reversible once processed. Always verify recipient details and be cautious of scams.