Here's everything you need to know about sending money via Domestic Wire:
|General availability||US only||Cannot be used for transfers from outside the US|
|Availability from banks||Widely available||Most banks should support Federal Wire. See how to make a transfer with the biggest banks here|
|Time for your money to be cleared to TransferWise||1 working day||-|
|Additional Bank Fees||Yes||Your bank will most likely charge a fee for the transfer|
|Required Details*||*In addition to the required details for the country you're sending to|
|Recipient's address||Yes||Must be a residential address and not a PO box address|
|Your US state and ZIP code (or full address for non-US residents)||Yes||-|
|SSN Verification/ID verification||Yes||An SSN is requested from every customer sending from the US. Failing this, you will also have the option to provide a US or non-US ID document (except in the case of ITIN's where a non-US document is required). If you do not have an SSN, you will be asked to provide a reason for this.|
|Amount Lock Transfers||No||Not available via any US payment method. However if we receive your money within 24 hours of creating the transfer you will get, in effect, a specific amount due to the fixed rate. Please see 'guaranteed rate' below|
|Minimum/Maximum transfer size||$3/$50,000||* For limits regarding transfers when you are resident in one of our licensed states in the U.S., please click here.
The maximum limit is $250,000 for businesses.
|Transfers to an email address||No||-|
|Guaranteed Rate||Yes||For transfers from USD, the exchange rate is fixed providing we receive your money before 16:00 EST (Eastern Standard) the next working day.|
When issuing you a refund, we send the money back to your account via ACH direct deposit, not Domestic Wire. This requires a slightly different routing number, which you can read more about here.