Automated Wire Transfers

The money transfer function within iBIZ offers you the ability to initiate wire transfers electronically from your PC.

How do Automated Wire Transfers work?

  • You simply sign an Automated Wire Transfer Agreement with the bank authorizing the use of this capability.
  • Through iBIZ, you will enter information required to send immediate funds to another financial institution.
  • The wire instructions are normally verified and authorized by a second representative in your company.
  • Funds are transmitted immediately to the intended recipient's bank through the Federal Reserve.

The benefits of Automated Wire Transfers?


Timeliness of payments.

Saves time.

Lower costs than for manually initiated wire transfers.

 


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