Have you ever found yourself in a situation where you need to send money quickly and securely, whether it's to a family member for an urgent need, closing on a home, or making an important business payment? If you bank with Truist, then understanding how to wire funds is an essential skill! Wire transfers are a reliable way to move significant amounts of money with speed, but they do require precision and attention to detail.
This comprehensive guide will walk you through every step of wiring funds from Truist, ensuring you have all the information you need for a smooth and successful transaction.
Step 1: Are You Ready to Wire? Gather Your Information!
Before you even think about logging into your Truist account or heading to a branch, let's get organized. This is the most crucial step, as incomplete or incorrect information can cause significant delays or even lead to lost funds.
Sub-heading: Essential Details for Your Wire Transfer
You'll need specific information about both yourself and the recipient. Have these details readily available:
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Your Truist Account Information:
- Your Truist Account Number: The account from which you'll be sending the funds.
- Your Truist Routing Number: This is typically 061000104 for most Truist accounts, but it's always best to confirm on your checks or through online banking.
- Your Full Name and Address: As it appears on your Truist account.
- Your Contact Information: A reliable phone number and email address.
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Recipient's Information (Domestic Wire):
- Recipient's Full Name: As it appears on their bank account.
- Recipient's Full Address: Including street, city, state, and zip code.
- Recipient's Bank Name: The full, legal name of their bank.
- Recipient's Bank Address: The physical address of their bank.
- Recipient's Account Number: The exact account number where the funds will be deposited.
- Recipient's Bank Routing Number (ABA Number): This 9-digit number identifies their specific bank for domestic transfers.
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Recipient's Information (International Wire - More Complex!):
- Recipient's Full Name: As it appears on their bank account.
- Recipient's Full Address: Including street, city, and country.
- Recipient's Bank Name: The full, legal name of their bank.
- Recipient's Bank Address: The physical address of their bank.
- Recipient's Account Number or IBAN: For international transfers, you'll often need an International Bank Account Number (IBAN), which is a standardized international numbering system.
- Recipient's Bank SWIFT/BIC Code: This is a unique international code (8 or 11 characters) that identifies the recipient's bank globally. Truist's primary BIC ID is BRBTUS33.
- Intermediary Bank Information (if applicable): For some international transfers, an intermediary or correspondent bank might be required. Your recipient's bank should provide these details if necessary.
- Reason for the Wire Transfer: Some international transfers require you to state the purpose of the payment (e.g., "Family Support," "Property Purchase," "Business Payment").
- Desired Currency: Specify if the funds should be sent in USD or the recipient's local currency. Be aware of exchange rates and potential fees if converting currency.
Pro Tip: Always double-check and even triple-check all recipient information with the recipient themselves. A single incorrect digit can lead to significant headaches and delays in recovering funds.
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| How To Wire Funds From Truist |
Step 2: Choosing Your Wiring Method – Online, Mobile, or In-Person?
Truist offers several convenient ways to initiate a wire transfer. Decide which method best suits your needs and comfort level.
Sub-heading: Online Banking for Wires
This is often the most convenient method for many users.
QuickTip: Scan for summary-style sentences.
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Enroll in Wire Transfer Services: If you haven't already, you'll need to enroll in Truist's wire transfer services through online banking.
- Log in to your Truist Online Banking account.
- From the main menu, select "Transfer & Pay."
- On the "Transfer & Pay" page, look for and select the "Enroll in wire services" tile.
- Follow the on-screen prompts to verify your identity and set up your contact information. You'll likely need to register at least two valid authorization phone numbers.
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Add a Recipient: Once enrolled, you'll need to add your recipient's details.
- Select "Transfer & Pay" from the main menu.
- Choose the "Send a wire transfer" tile.
- Navigate to the "Manage recipients" tab.
- Click "Add recipient."
- Select the appropriate recipient type (Domestic or International) and fill in all the required details you gathered in Step 1. Be especially careful with routing numbers (for domestic) or SWIFT/BIC codes (for international).
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Initiate the Wire Transfer: With your recipient added, you can now send the wire.
- From the "Wire Transfers" page, select the "Send a wire" tab.
- Choose the type of wire (Domestic or International).
- Click "Select recipient" and choose the recipient you just added.
- Enter the amount you wish to send.
- Select the "From" account (your Truist account).
- Choose the frequency (One-time or Recurring).
- Optional: Add any memo or reason for the transfer.
- Review all details carefully on the "Review & submit" page.
- Finally, click "Send wire" and authorize the transfer using the security code sent to your registered phone number.
Sub-heading: Mobile Banking for Wires
The Truist mobile app offers a similar, streamlined process.
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Enroll and Manage Recipients: The initial enrollment and recipient management steps are largely the same as online banking, just accessed through the mobile app interface.
- Tap "Transfer & Pay" in the menu bar.
- Tap "Send a wire transfer."
- Tap "Recipients" to add, edit, or delete recipients.
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Initiate the Wire Transfer:
- From the "Wire Transfers" screen, tap the "Send" tab.
- Complete the transaction details, including the amount, "From" account, and recipient.
- Tap "Optional Information" to add intermediary bank details, reason for transfer, or a memo.
- Tap "Continue."
- Review all details carefully.
- Tap "Continue" again, and then authorize the transfer by entering the security code.
Sub-heading: In-Person at a Truist Branch
For those who prefer a more traditional approach or have complex international wire needs, visiting a Truist branch is an option.
- Schedule an Appointment: It's highly recommended to schedule an appointment with a specialist at your preferred branch to ensure they have the staff available to assist you efficiently.
- Bring All Documentation: Have all the recipient information (as detailed in Step 1) printed out or clearly written. You'll also need your government-issued ID.
- Consult with a Specialist: A Truist representative will guide you through the process, confirm all details, and help you complete the necessary forms. This can be beneficial for complex international transfers where additional clarification might be needed.
Step 3: Understanding Fees and Limits
Wire transfers, while fast and secure, come with associated costs and limits. It's vital to be aware of these before initiating your transfer.
Sub-heading: Truist Wire Transfer Fees
Fees can vary based on whether it's a domestic or international transfer, and whether it's incoming or outgoing.
- Outgoing Domestic Wire: Typically around $30 USD.
- Incoming Domestic Wire: Typically around $15 USD.
- Outgoing International Wire: Can be around $65 USD.
- Incoming International Wire: Can be around $20 USD.
Important Note on International Wires: Beyond Truist's fee, you might encounter exchange rate markups and intermediary bank fees. These can significantly add to the overall cost. It's wise to inquire about the exchange rate at the time of transfer and consider using alternative services for international transfers if cost is a primary concern.
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Sub-heading: Truist Wire Transfer Limits
Truist has limits on outgoing wire transfers, particularly through its online banking system.
QuickTip: Short pauses improve understanding.
- Online and Mobile Banking: While the exact limits aren't always explicitly stated as a fixed number, a common guideline is a $500,000 rolling 3 business day maximum for wire transfers.
- Per Transaction Limits: Some sources indicate online and mobile transfers may have limits around $5,000 per transaction and $10,000 per day for certain types of external transfers. For wire transfers, limits can vary and may be reviewed on a per-transfer basis. For very large transfers exceeding typical online limits, you may need to visit a branch or contact Truist customer service directly.
Step 4: Confirming and Authorizing Your Transfer
This is your final opportunity to ensure everything is correct. Do not rush this step.
Sub-heading: The Review Process
- Review All Details: Before clicking "Send" or handing over the form at the branch, meticulously review every single piece of information: recipient's name, account number, routing/SWIFT code, address, and the exact amount.
- Verify with Recipient (Again!): If there's any doubt, a quick call or message to the recipient to confirm the details one last time can save you immense trouble.
- Understand the Confirmation: Truist will provide a confirmation screen or receipt. Pay close attention to any estimated arrival times, fees, and a confirmation number. Save this confirmation number! It's your key reference if you need to track the wire or inquire about its status.
Sub-heading: Authorization
For online and mobile wires, you'll typically receive a one-time security code via text message or email to one of your registered authorization phone numbers. You'll need to enter this code to complete the transfer. This is a crucial security measure to protect your funds.
Step 5: Tracking Your Wire Transfer and What to Do If There's an Issue
Once your wire is sent, you'll likely want to know when it arrives.
Sub-heading: Wire Transfer Timelines
- Domestic Wire Transfers: Generally, domestic wire transfers within the US are processed within 24 hours, often arriving on the same business day if initiated before the cutoff time. The Expedited Funds Availability Act (EFAA) requires US financial institutions to make wire transfers available to recipients within one business day.
- International Wire Transfers: These can take longer due to different banking systems, time zones, and currency conversions. Expect international wires to take 1 to 5 business days, though some may take longer.
Sub-heading: Truist Cut-Off Times
To ensure same-day processing for domestic wires, be aware of Truist's cutoff times. For domestic wire transfers, the cutoff time is generally 6 PM Eastern Time on business days. Transfers initiated after this time will typically be processed on the next business day.
Sub-heading: Tracing a Wire Transfer
If a wire transfer takes longer than expected, or if there's a discrepancy, you can initiate a trace.
- Locate Your Confirmation Number: This is essential for initiating a trace.
- Contact Truist Customer Service: Reach out to Truist's customer service or Treasury Solutions Client Support team. Provide them with your confirmation number and any relevant details. They can use the IMAD/OMAD ID (unique identifier for wires) to track the transfer.
Crucial Warning: Wire transfers are generally irreversible once processed. This is why accuracy in Step 1 and careful review in Step 4 are paramount. Be extremely cautious of scams that ask you to wire money. Truist provides resources on protecting against wire transfer fraud.
Tip: Revisit challenging parts.
10 Related FAQ Questions
Here are 10 common questions about wiring funds from Truist, with quick answers:
How to Check Truist Wire Transfer Status?
You can typically check the status of your wire transfer by logging into your Truist online banking or mobile app, navigating to the "Wire Transfers" section, and looking for a "Manage wires" or "View wires" option. Alternatively, contact Truist customer service with your confirmation number.
How to Find My Truist Routing Number for a Wire Transfer?
You can find your Truist routing number on the bottom left of your paper checks, by logging into your online banking or mobile app and viewing your account details, or on your bank statement. The most common Truist routing number is 061000104.
How to Send an International Wire Transfer with Truist?
To send an international wire, you'll need the recipient's full name and address, their bank's name and address, their account number or IBAN, and their bank's SWIFT/BIC code. You can initiate this online, via the mobile app, or in person at a branch after enrolling in wire services.
How to Enroll in Truist Wire Services Online?
Log in to Truist Online Banking, go to "Transfer & Pay," and select the "Enroll in wire services" tile. Follow the prompts to verify your identity and register authorization phone numbers.
How to Add a Recipient for a Truist Wire Transfer?
In online banking or the mobile app, go to "Transfer & Pay," then "Send a wire transfer," and select the "Manage recipients" tab. From there, you can click "Add recipient" and input all the necessary details.
QuickTip: Slow down if the pace feels too fast.
How to Find Truist's SWIFT/BIC Code?
Truist's primary SWIFT/BIC code is BRBTUS33. If you're receiving an international wire, the sender may also see SNTRUS3A (formerly SunTrust). Always confirm with your recipient or Truist directly if unsure.
How to Avoid Wire Transfer Fees with Truist?
Wire transfer fees are generally unavoidable with traditional banks like Truist. However, for international transfers, compare the total cost (including exchange rates and intermediary fees) with specialized money transfer services like Wise, which might offer lower overall costs.
How to Send a Large Wire Transfer from Truist?
For very large wire transfers exceeding online/mobile limits (which can be around $500,000 rolling 3 business days), it's recommended to visit a Truist branch in person or contact their Treasury Solutions Client Support for assistance.
How to Reverse a Truist Wire Transfer?
Wire transfers are generally irreversible once processed. This is why extreme caution is advised during initiation. If you believe you've sent funds fraudulently or to the wrong account, contact Truist immediately to see if they can initiate a recall, but success is not guaranteed.
How to Contact Truist for Wire Transfer Support?
For general inquiries, you can call Truist at 844-4TRUIST (844-487-8478). For reporting wire/ACH fraud, call their Treasury Solutions Client Support team at 800-774-8179.
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