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Wire Transfer

Use Anchor Bank’s Wire Transfer service to make a same-day transfer of funds from your account to another financial institution. Wire transfers offer safe and secure movement of funds between financial institutions on a real-time basis and with finality of payment. A wire transfer is the instantaneous electronic movement of funds from one financial institution to another. A wire transfer provides for immediate, irrevocable availability of funds by eliminating the uncertainties of mail and check collection time. Easy-to-use payment templates let you pre-define payment instructions for recurring wire transfers and flexible options help you tailor the templates to meet your needs. Wire transfers allow precise timing of payments and accurate projections of receipts and disbursements and are particularly useful in handling high-dollar transactions. Because wires can be transferred quickly, you are able to maximize the use of funds. Wire transfers can be initiated as needed, or up to ten days in advance. Standing orders can be wired automatically according to a pre-arranged schedule. Anchor Bank offers multiple security options.

Benefits
• Avoid duplication and errors when sending wires to the same accounts by
establishing payment templates and assigning access for specific users and dollar
amounts.
• Unlike many payment options, wire payments provide the fastest delivery of
funds and are final. They cannot be recalled without permission of the payee and
settlement is guaranteed.
• Wire transfers are the most secure and cost effective method to move large value
payments.
• Initiate wire transfers electronically from your desktop with flexible options and
templates anytime that is convenient for you.
• Detailed wire transfer reports keep you informed and allow you to make decisions
based on the latest information.