How To Wire Transfer Truist

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Ready to send money quickly and securely? Wire transfers are a fantastic way to move funds, whether across town or across the globe. If you're a Truist customer, you're in the right place! This comprehensive guide will walk you through every step of initiating a wire transfer with Truist, ensuring your funds reach their destination smoothly.

Let's dive in!

Understanding Truist Wire Transfers: The Basics

Before we get to the "how-to," it's essential to understand what wire transfers are and what makes them unique. Unlike electronic funds transfers (EFTs) like ACH transfers or Zelle, wire transfers are real-time transfers of funds directly between financial institutions. This makes them ideal for time-sensitive or high-value transactions.

Truist offers both domestic and international wire transfer services, each with slightly different requirements and fees. Knowing these distinctions upfront will save you time and potential headaches.

Step 1: Gather Your Essential Information (Don't Skip This!)

This is arguably the most crucial step. A single incorrect digit or misspelled name can cause significant delays or even send your money to the wrong account. So, let's get organized!

Sub-heading: Information for Domestic Wire Transfers (Within the U.S.)

For sending money within the United States, you'll need:

Your Truist Account Information:
- Your full name as it appears on your Truist account.
- Your complete street address.
- Your Truist account number from which you'll be sending the funds.
Recipient's Bank Information:
- Full Legal Name of the recipient's bank.
- Complete Street Address of the recipient's bank (not just the city and state).
- The recipient's bank's ABA Routing Number (9 digits). Be absolutely sure this is the wire transfer routing number, as it can sometimes differ from the ACH routing number.
Recipient's Account Information:
- Full Legal Name of the recipient as it appears on their bank account.
- Complete Street Address of the recipient.
- The recipient's Account Number.

Sub-heading: Information for International Wire Transfers (Outside the U.S.)

International wires are a bit more complex due to varying banking systems worldwide. You'll need:

Your Truist Account Information:
- Your full name as it appears on your Truist account.
- Your complete street address.
- Your Truist account number from which you'll be sending the funds.
Recipient's Bank Information:
- Full Legal Name of the recipient's bank.
- Complete Street Address of the recipient's bank.
- The recipient's bank's SWIFT/BIC Code (Society for Worldwide Interbank Financial Telecommunication / Bank Identifier Code) – this is typically 8 or 11 characters. This code is vital for international transfers as it identifies the specific bank globally.
- Important Note: For some countries, an IBAN (International Bank Account Number) may be required instead of or in addition to a standard account number. This is common in Europe.
- Intermediary Bank Information (if applicable): Sometimes, an international transfer might go through an intermediary bank. If your recipient's bank provides this information (including the intermediary bank's name, address, and SWIFT code), include it to ensure a smoother transfer.
Recipient's Account Information:
- Full Legal Name of the recipient as it appears on their bank account.
- Complete Street Address of the recipient.
- The recipient's Account Number or IBAN.
- The Currency in which the recipient should receive the funds.

Pro Tip: Always double-check this information with your recipient and ideally, ask them to provide it to you in writing from their bank. A screenshot of their bank's wire transfer instructions is even better! This significantly reduces the risk of errors.

Step 2: Choose Your Method to Initiate the Wire Transfer

Truist provides several convenient ways to send a wire transfer. Select the method that best suits your needs and comfort level.

Sub-heading: Option A: Online Banking (Recommended for Convenience)

Truist's online banking platform is often the most straightforward way to send a wire, especially if you're already enrolled in their wire services.

Enroll in Wire Services (First-Time Users): If this is your first time sending a wire via online banking, you'll likely need to enroll in wire transfer services.
- Log in to your Truist Online Banking account.
- Navigate to "Transfer & Pay" from the main menu.
- Look for an option like "Enroll in wire services" and follow the on-screen prompts to verify your identity and set up your contact information. This may involve registering two valid authorization phone numbers.
- Note: You should be able to initiate payments immediately after successful enrollment.
Add Your Recipient: Before sending the actual wire, you'll need to add the recipient's details.
- From the "Transfer & Pay" section, select "Send a wire transfer."
- Go to the "Manage recipients" tab.
- Choose "Domestic recipients" or "International recipients" based on your transfer type.
- Click "Add recipient" and carefully enter all the information you gathered in Step 1. Double-check every detail!
- Click "Add recipient" to save their information.
Initiate the Wire Transfer:
- Return to the "Send a wire transfer" section (usually under the "Send a wire" tab).
- Select the type of wire (Domestic or International).
- Choose the funding account (the Truist account from which the money will be sent).
- Select the recipient from your list of saved recipients.
- Enter the amount you wish to send.
- Specify the frequency (usually "One time" for most wires).
- Select the effective date (the day you want the transfer to be sent).
- Review all details carefully on the review screen. Scroll through to ensure everything is accurate.
- Authorize the Transfer: You'll be prompted to authorize the transfer using your chosen security method (e.g., a security question or a security code sent to your registered phone number). Enter the code or answer the question.
- Click "Authorize and submit."
Confirmation: You should receive a confirmation that your wire transfer has been submitted. Keep a record of this confirmation for your reference.

Sub-heading: Option B: In-Person at a Truist Branch (For Personal Assistance)

If you prefer face-to-face assistance or are sending a very large sum, visiting a Truist branch can be a good option.

Locate Your Nearest Branch: Use the Truist website or mobile app to find a branch near you.
Gather Your Documents:
- Bring a valid, government-issued photo ID (e.g., driver's license, passport).
- Have all the recipient's information (from Step 1) clearly written out. It's helpful to have a printout or digital copy.
- Know the Truist account number you wish to use for the wire.
Visit the Branch: Inform a teller or a personal banker that you wish to initiate a wire transfer.
Complete the Wire Transfer Request Form: The Truist representative will provide you with a form to fill out. Fill it out meticulously, ensuring all details match your gathered information.
Verification and Authorization: The bank representative will verify your identity and the details of the transfer. You will need to sign to authorize the transfer.
Pay the Fee: The wire transfer fee will be deducted from your account or you may pay it separately.
Receive Confirmation: The branch will provide you with a confirmation receipt. Keep this safe.

Sub-heading: Option C: By Phone (For Customer Service Guidance)

While less common for initiating new wires, you can often get assistance or re-initiate transfers by phone.

Call Truist Customer Service: Dial 844-4TRUIST (844-487-8478). For online banking assistance, representatives are generally available Monday through Friday, 8 am to 8 pm ET, and Saturday, 8 am to 5 pm ET.
State Your Intent: Inform the representative that you wish to send a wire transfer.
Provide Information: Be prepared to provide all your account details and the recipient's information (from Step 1) over the phone.
Security Verification: The representative will go through security questions to verify your identity.
Authorization: You will verbally authorize the transfer, and they will walk you through the process, including confirming fees.
Request Confirmation: Ask the representative for a confirmation number or for a confirmation to be sent to your email.

Step 3: Understand Fees and Limits

Wire transfers come with associated fees, and there are limits to how much you can send. Being aware of these helps you budget and plan.

Sub-heading: Wire Transfer Fees

Outgoing Domestic Wire Transfer: Truist typically charges a fee for outgoing domestic wire transfers. Based on available information, this is often around $30.00 per transfer.
Incoming Domestic Wire Transfer: If you are receiving a domestic wire transfer into your Truist account, there might be an incoming fee, often around $15.00 per transfer.
Outgoing International Wire Transfer: International wire transfers are generally more expensive. Truist's fee for outgoing international wires is typically around $65.00 per transfer. Be aware that there might also be an exchange rate markup applied when converting currencies, and intermediary bank fees may be deducted from the principal amount by other banks involved in the transfer.
Incoming International Wire Transfer: Receiving an international wire into your Truist account usually incurs a fee, often around $20.00 per transfer.

Important Consideration: Always confirm the exact fees with Truist before initiating the transfer, as they can change.

Sub-heading: Wire Transfer Limits

Truist mentions a rolling 3 business day maximum of $500,000 for wire transfers, particularly for business accounts online.
For individual consumer accounts, daily and per-transaction limits for online and mobile transfers might be lower (e.g., $5,000 per transaction and $10,000 per day for general external transfers).
For large international transfers, limits may vary and are often reviewed on a per-transfer basis. It's best to contact Truist directly or speak with a representative at a branch if you're planning to send a very large sum internationally.

Step 4: Confirm and Track Your Transfer

Once your wire transfer is initiated, it's a good practice to confirm its status and understand the typical processing times.

Sub-heading: Confirmation

After submitting your wire transfer request (online, in person, or by phone), you should receive a confirmation. This will include a confirmation number or a reference ID.
Keep this confirmation number secure. It's your key to tracking the transfer if any issues arise.

Sub-heading: Processing Time

Domestic Wire Transfers: These are typically processed very quickly, often within less than 24 hours (usually the same business day if initiated before the cut-off time). Funds are often available to the recipient immediately once processed.
International Wire Transfers: These take longer due to multiple banks and time zones. They generally take 3 to 5 business days to complete. In some cases, it can be quicker, but it's important to set expectations for the longer timeframe.
Cut-off Times: Truist, like all banks, has daily cut-off times for wire transfers. If you initiate a wire after this time, it will be processed on the next business day. It's crucial to ask about these cut-off times when you're initiating the transfer, especially if it's time-sensitive. While general deposit cut-off times are around 9 PM ET for ATMs and Mobile deposits, wire transfer cut-off times may be earlier (e.g., 3 PM ET is common for many banks).

Sub-heading: Tracking Your Wire

If your wire transfer doesn't arrive within the expected timeframe, you can contact Truist customer service. They can often trace the wire using the confirmation number or IMAD/OMAD ID (a unique identifier assigned to US wire transfers).

Step 5: Review and Retain Records

Maintaining meticulous records is vital for any financial transaction, especially wire transfers.

Save Confirmations: Store all confirmation receipts, emails, or screenshots related to your wire transfer.
Monitor Your Account: Check your Truist account statement to ensure the funds were debited correctly and the fee was applied as expected.
Communicate with Recipient: Inform your recipient that the wire has been sent and provide them with the expected arrival time. Ask them to confirm when the funds are received.