A wire transfer is a method of electronic funds transferred from one person or entity to another. Domestic and International wire transfers will be processed through Interra’s dedicated correspondent bank and further routed through the Federal Reserve.
The exchange rate is determined by the correspondent bank at the time the wire is entered and is valid for 15 minutes.
Society for Worldwide Interbank Financial Telecommunications (SWIFT) and Bank Identifier Codes (BIC) are used to locate and identify financial institutions primarily overseas.
An International Bank Account Number (IBAN) is a series of alphanumeric characters that uniquely identify an account held predominately by banks in Eurozone countries. Clave Bancaria Esandarizada (CLABE) is a standard 18-digit number for bank accounts in Mexico.
You can obtain any of these numbers by asking the intended payee for wiring instructions.
Call Interra at 574.534.2506 to cancel your transaction. If the wire transaction is still at Interra, we can cancel it with no fees assessed.
If your wire has already been processed, we can submit a reversal request to the payee's financial institution, through the dedicated correspondent bank and attempt to retrieve the funds.
The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions. This is based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States. OFAC acts under Presidential national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze assets under US jurisdiction. Many of the sanctions are based on United Nations and other international mandates, are multilateral in scope, and involve close cooperation with allied governments.
A Wire Transfer Pre Authorization form is necessary to establish a PIN. This form can be filled out in person at any of our Interra Credit Union office locations or you may call Interra’s Contact Center at 574.534.2506 to receive the form and instructions.
Please contact Interra by phone at 574-534-2506 or 888-432-2848, and provide us with the following information:
Wires are processed Monday through Friday and exclude holidays.
Domestic wires are processed until 4:00 pm Eastern time.
International wires are processed until 2:00 pm Eastern time.