Wire Transfers
What is a Wire Transfer?
Wire transfer is a method of transferring money from one entity to another. A wire transfer can be made from one entity’s bank account to the other entity’s bank account. Wire transfers are an option when you cannot send a check or cash and you have to send the money quickly. You can send a wire most anywhere in the world. Bank-to-bank wire transfer is considered the safest international payment method. Each account holder must have a proven identity. Chargeback is unlikely, although wires can be recalled. Information contained in wires is transmitted securely through encrypted communications methods.
What does it cost to send?
If you are receiving an incoming wire, please contact us! Please notify our office when the wire will be coming, the amount of the wire and where you want it deposited (savings or checking).
Before beginning the process of transferring money by wire, you should have the following information:
1. How much money do you wish to transfer? When transferring from a credit union account, make sure that you have sufficient funds to cover the transaction, including any service fees.
2. Name, address, telephone number of who will receive the money you are sending.
3. The bank account routing and transit number and account number of the person receiving the money in addition to their financial institution’s name, phone number and address.
4. The wire routing number of the financial institution that holds the account the money is being sent to. It is important to verify the wire routing and transit number of the financial institution. Some financial institutions have routing and transit numbers set up specifically for wires only!
If you need to send a wire or have an incoming wire, please call us for specific wiring instructions or stop by the credit union branch!
SUNY Fredonia Federal Credit Union will never ask for sensitive personal or account information through an unsolicited phone call, text or email.
Scammers may impersonate Credit Union employees or even spoof our phone number, claiming to be from the “fraud department” to gain access to your accounts.
We will never ask you to provide:
- Online banking username, password or security answers
- Full debit card numbers, PINs or CVV codes
- Full account numbers or social security numbers
- Verification codes or one-time passcodes
- Personal Identification data
We will also never:
- Send urgent messages with links to unlock or verify your account or personal data.
- Ask you to download software or provide remote access to your computer.
If you receive a suspicious call, text or Email:
- Stop and hang up: Do not reply to the text, open any links, provide verification codes or answer the caller’s questions.
- Verify independently: Contact us directly at (716) 673-3585. Never use a phone number or email address provided in a suspicious message.
- Know your legitimate fraud alerts. Our card services may send fraud alerts asking you to reply “yes” or “no” to confirm a purchase. They will not ask for personal information or direct you to click a link to verify a transaction.
- Let us know: If you believe you have been contacted by a scammer impersonating the SUNY Fredonia Federal Credit Union, let us know. Provide as much detail as possible about the email, call or text you received.
We Are Hiring!
Follow the links above to learn about the qualifications of each position and download the Employment Application!
Members of SUNY Fredonia FCU can now conduct certain transactions at the InnerLakes FCU’s Silver Creek branch!