Wire transfers provide a secure, convenient option for sending money. Here’s what you need to know to send a wire transfer from your Grow Financial account.

What is a wire transfer?

A wire transfer is an electronic transfer of money from one financial institution to another. Unlike some other types of electronic transfers, wires are typically used when you need to send a larger amount of money or when timing is important.

You can send wires within the United States or internationally. The information you’ll need depends on where you’re sending the money.

Domestic wire instructions

Sending money to a financial institution within the United States? Before visiting a Grow store, gather the following information:

Your information

• Name
• Account number
• Physical address (no P.O. boxes)
• Email address

Recipient information

• Name
• Account number
• Account type, such as checking or savings
• Physical address (no P.O. boxes)

Transfer information

• Amount
• Any additional wire instructions
• Purpose of the transfer

Receiving financial institution information

• Name
• Address
• ABA routing number

International wire instructions

Sending money outside the United States requires a few additional details. Before visiting a Grow store, gather the following information:

Your information

• Name
• Account number
• Physical address (no P.O. boxes)
• Email address

Recipient information

• Name
• Account number
• Account type, such as checking or savings
• Physical address (no P.O. boxes)

Transfer information

• Amount
• Currency in which the recipient should receive the funds
• Any additional wire instructions
• Purpose of the transfer

Receiving financial institution information

• Name
• Address
• Country
• SWIFT code
• Intermediary financial institution SWIFT code, if applicable

Before you send, always double-check the details

Before sending money, carefully verify the recipient’s name, account number and financial institution information. If someone provides wire instructions by email, especially for a large transaction, such as a home purchase, confirm the instructions using a trusted phone number or another method you know is legitimate.

Watch out for wire transfer fraud

Wire transfers are a common target for scammers because once you send the money, recovering it can be difficult or impossible.

Real estate transactions are particularly attractive targets. A scammer may impersonate a title company, real estate professional or another trusted contact and send convincing-looking instructions directing your money to a fraudulent account. Learn how to avoid real estate wire fraud.

Be especially cautious if you receive unexpected wire instructions or a last-minute request to change payment information. Independently verify the information with the intended recipient before sending your money. Learn more about wire transfer fraud.

Wire transfer FAQs

1. How long does a wire transfer take?

A domestic wire transfer is processed the same day it is initiated and may be received within a few hours. To allow sufficient processing time, domestic wire requests must be submitted by 5 pm ET when completed in person or by 6 pm ET when requested by phone.
International wire transfers are typically delivered within three to five business days. To allow sufficient processing time, international wire requests must be submitted by 4:30 pm ET when completed in person or by 6 pm ET when requested by phone.

2. How much does it cost to send a wire transfer?

Grow charges a fee to send a wire transfer, and the receiving or intermediary financial institution may charge additional fees, particularly for international transfers. Check our current Personal Fee Schedule or Business Fee Schedule before sending your wire.

3. What’s the difference between an ABA routing number and a SWIFT code?

An ABA routing number is a nine-digit number that identifies a financial institution in the United States. You’ll typically need one when sending a domestic wire.

A SWIFT code identifies a financial institution for international transactions. You may need the receiving institution’s SWIFT code when sending money outside the United States.

Always confirm these numbers directly with the recipient or receiving financial institution before sending money.

4. Can I receive a wire transfer at Grow?

Yes. The information you need to receive a wire is a little different from what you need to send one. Check out our guide to receiving domestic and international wire transfers for the information you’ll need.

Ready to send a wire?

Once you have the information you need, visit any Grow store for assistance with your wire transfer or call our Member Contact Center.

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