Sending money via wire transfer can seem like a daunting task, but it's a secure and efficient way to move funds, especially for large amounts. If you're a Truist Bank customer, this comprehensive guide will walk you through everything you need to know about initiating a wire transfer, step-by-step. Let's get started!
Are you ready to send money securely and swiftly? Excellent! You've come to the right place. Truist Bank offers robust wire transfer services for both domestic and international needs. Whether you're paying for a new home, sending funds to a loved one abroad, or managing business transactions, understanding the process is key.
How to Wire Transfer from Truist Bank: A Step-by-Step Guide
Wire transfers are a reliable method for sending money directly from one bank account to another. Unlike ACH transfers, which can take a few business days, wire transfers are typically processed much faster, often on the same business day for domestic transfers.
Step 1: Gather All Necessary Information (The Most Crucial Step!)
Before you even think about logging into online banking or heading to a branch, the absolute first thing you must do is collect all the required details for your recipient and their bank. Any missing or incorrect information can cause significant delays, rejections, or even loss of funds.
For Domestic Wire Transfers (Within the U.S.):
- Recipient's Full Legal Name: This must exactly match the name on their bank account.
- Recipient's Full Street Address: Including street number, city, state, and zip code.
- Recipient's Bank Name: The full legal name of their bank.
- Recipient's Bank's ABA Routing Number (Wire Transfer Specific): This is extremely important! Ensure you get the wire transfer routing number, as it can sometimes differ from the ACH routing number. For many Truist accounts, the common routing number for domestic wires is 061000104. However, if the account originated with BB&T, it might have a state-specific routing number. Always confirm with the recipient or their bank.
- Recipient's Account Number: The full account number where the funds will be deposited.
- Amount to be Transferred: The exact dollar amount.
- Purpose of Transfer (Optional but Recommended): A brief description, e.g., "Invoice Payment," "Gift," "Real Estate Purchase."
For International Wire Transfers (Outside the U.S.):
International transfers require even more detailed information due to the complexity of global banking networks.
- Recipient's Full Legal Name: Must match the name on their bank account precisely.
- Recipient's Full Street Address: Including street number, city, region/province, and postal code.
- Recipient's Bank Name: The full legal name of their bank.
- Recipient's Bank's SWIFT/BIC Code: This is an international bank identifier. For Truist itself, the SWIFT code is SNTRUS3A. You will need the recipient's bank's SWIFT/BIC.
- Recipient's International Bank Account Number (IBAN): Required for many countries in Europe and other regions. If an IBAN is not used in the recipient's country, you'll need their full account number.
- Intermediary Bank Information (If applicable): Sometimes, an intermediary bank is needed to facilitate the transfer. Your recipient's bank should be able to provide this if necessary.
- Foreign Currency: Specify the currency in which the recipient's bank account is held.
- Amount to be Transferred: The exact amount in USD, and if converting, the amount in the foreign currency.
- Purpose of Transfer: A more detailed description is often required for international transfers (e.g., "Family Support," "Property Purchase," "Service Payment").
Pro Tip: Always double-check and triple-check all information with the recipient. A simple typo can send your money to the wrong account, and wire transfers are notoriously difficult to reverse.
Step 2: Choose Your Wire Transfer Method
Truist Bank offers a few convenient ways to initiate a wire transfer.
Option A: Online Banking (Recommended for Convenience)
Truist's online and mobile banking platforms allow you to initiate domestic and international wire transfers, provided you've enrolled in their wire services. This is often the most convenient option once set up.
- Enroll in Wire Services:
- Sign in to your Truist Online Banking account.
- Navigate to the "Transfer & Pay" section.
- Look for an option like "Enroll in wire services" or "Send a wire transfer." You may need to verify your identity with security codes sent to registered phone numbers.
- Note: For business accounts, the Business Profile Owner typically has the ability to enroll and initiate wires.
- Add a Recipient:
- From the "Wire transfers" screen, select "Recipients" or "Manage recipients."
- Choose "Add recipient."
- Select whether it's a Domestic or International recipient.
- Enter all the recipient's details you gathered in Step 1, including routing numbers (ABA or SWIFT BIC), account numbers, and full addresses.
- Be sure to use the correct wire routing number, which may differ from the ACH routing number.
- Click "Add recipient."
- Initiate the Wire Transfer:
- Go back to "Transfer & Pay" and select "Send a wire transfer."
- Choose the type of wire (Domestic or International).
- Select the recipient from your saved list.
- Select the "From" account (your Truist account from which funds will be debited).
- Enter the exact amount of the transfer.
- Specify the frequency (one-time or recurring, if applicable).
- Add any optional information like an intermediary bank, reason for transfer, or memo.
- Click "Continue."
- Review and Authorize:
- Carefully review all the wire details on the "Review" screen. This is your last chance to catch any errors!
- If everything is correct, click "Continue."
- You will likely need to authorize the transfer using a security code sent to your registered phone number. Enter the code and click "Authorize and submit."
Option B: Visiting a Truist Branch
If you prefer in-person assistance, you can always visit a Truist branch to initiate a wire transfer.
- Schedule an Appointment: It's highly recommended to schedule an appointment with a Truist specialist beforehand to ensure someone is available to assist you.
- Bring Required Information: Bring all the recipient and bank details from Step 1, along with a valid form of identification (e.g., driver's license, passport).
- Complete Wire Transfer Form: A bank representative will provide you with a wire transfer request form. Fill it out accurately and completely with all the gathered information.
- Confirm and Pay Fees: The representative will review the details with you, inform you of the associated fees, and process the transfer from your account.
Option C: By Phone (Limited Availability/Changing)
While Truist previously offered phone-in wire transfer services, this functionality has been shifting towards online banking. For personal accounts, it's generally recommended to use online banking or visit a branch. For certain business clients with existing phone-in wire arrangements, consult Truist's business banking resources or customer service for current options.
Step 3: Understand Wire Transfer Fees and Limits
Wire transfers, while fast and secure, do come with fees. It's essential to be aware of these costs.
- Outgoing Domestic Wire Transfer Fee: Typically around $30 USD per transaction.
- Incoming Domestic Wire Transfer Fee: Typically around $15 USD.
- Outgoing International Wire Transfer Fee: Can range from $45 USD or more, depending on the currency and destination.
- Incoming International Wire Transfer Fee: Typically around $20 USD.
Important Notes on Limits:
- For transfers initiated via online banking, Truist implements a dollar limit for increased fraud protection. These limits are typically presented when you enroll in the wire service.
- There's often a rolling 3-business day maximum for wire transfers, which can be as high as $500,000 for some online banking services.
- Always confirm the most current fees and limits directly with Truist, as they can change.
Step 4: Be Aware of Cut-Off Times
To ensure your wire transfer is processed on the same business day, you must submit it before Truist's daily cut-off times.
- Domestic Wire Transfer Cut-Off Time: Generally 6 PM Eastern Time (ET) on business days.
- International Wire Transfer Cut-Off Time: Generally 6 PM Eastern Time (ET) on business days.
If you initiate a wire transfer after the cut-off time, it will typically be processed on the next business day. Keep weekends and federal holidays in mind, as transfers cannot be completed on these days.
Step 5: Track Your Wire Transfer
Once you've initiated the transfer, you may want to track its progress.
- Reference Number: You will receive a confirmation or reference number for your wire transfer. Keep this number safe!
- Online Banking: Truist's online banking platform allows you to view and manage your wire transfers. You can often see the status of scheduled or recently sent wires.
- Contact Customer Service: If you need to inquire about the status of a wire transfer, have your reference number ready when you contact Truist customer service. For specific tracking of international SWIFT payments, you might need a UETR code (Unique End-to-End Transaction Reference) along with the reference number, amount, date, and currency.
FAQs: How to Wire Transfer from Truist Bank
These quick answers address common questions about Truist wire transfers.
How to find my Truist routing number for a wire transfer?
For most Truist accounts, the main routing number for domestic wires is 061000104. You can also find it on your checks, in online banking under account details, on your bank statement, or by contacting Truist customer service at 844-4TRUIST (844-487-8478).
How to send an international wire transfer with Truist?
You can send international wire transfers through Truist Online Banking (after enrolling in wire services) or by visiting a Truist branch. You will need the recipient's full name and address, their bank's name and address, their SWIFT/BIC code, their account number or IBAN, and the currency of the transfer.
How to cancel a wire transfer from Truist?
A wire transfer is difficult to cancel once initiated because funds are typically processed very quickly. If you realize an error immediately, contact Truist customer service at 844-4TRUIST (844-487-8478) as soon as possible. Some online platforms allow you to edit or cancel scheduled wires if they haven't yet executed.
How to receive a wire transfer to my Truist account?
To receive a wire transfer, you'll need to provide the sender with your full legal name, your Truist account number, Truist Bank's name (Truist Bank), Truist Bank's main address (214 North Tryon Street, Suite 3, Charlotte, NC 28202), and the appropriate wire routing number (061000104 for domestic, or SNTRUS3A for international SWIFT).
How to check the status of a Truist wire transfer?
You can usually check the status of outgoing wire transfers within your Truist Online Banking account under the "Wire transfers" or "Manage wires" section. For specific inquiries or issues, contact Truist customer service directly.
How to avoid wire transfer fraud with Truist?
Always verify the recipient's details independently, preferably by calling them on a known, trusted phone number (not one provided in an email or text). Be wary of urgent requests or unsolicited changes to payment instructions. Truist also provides security features like multi-factor authentication and fraud prevention resources on their website.
How to find Truist's SWIFT code?
Truist Bank's SWIFT/BIC code for international wire transfers is SNTRUS3A.
How to confirm wire transfer fees with Truist?
You can confirm the latest wire transfer fees by reviewing your Truist account's fee schedule, by checking the fees displayed in the online banking wire transfer initiation process, or by contacting Truist customer service or visiting a branch.
How to know if a Truist wire transfer has been received?
Once the wire transfer is successfully sent, Truist will provide you with a confirmation. The best way to know if the recipient has received the funds is for them to check their bank account. Domestic wires typically arrive within 24 hours, while international wires can take 1-5 business days.
How to set up recurring wire transfers with Truist?
If available for your account type, recurring wire transfers can typically be set up through Truist Online Banking within the "Send a wire transfer" section. When initiating the transfer, you'll select a recurring frequency instead of a one-time payment.
