Financial Services charges a fee of $40 to process Wire Transfer Payments.
A wire transfer is an electronic transfer of money. In the case of a bank-to-bank transfer, no actual cash is exchanged, but electronic balances in the respective accounts are adjusted accordingly. This is a very secure way to transfer funds, as positive identification of both account holders is required. To process a wire transfer payment Finances Services requires the name of the owner of the bank account as well as the account number, swift code, bank name and address and the amount of the transfer and currency on the complete, approved CHEQUE REQUISITION. If this is for an international transfer (EURO or GBP), please provide the IBAN number.
Financial Services processes wire transfer payments every Wednesday. Requests for non-research wire transfer payments must be received by 4:00 PM Monday to be processed on Wednesdays. Requests for research wire transfer payments must be received by 4:00 PM the preceding Thursday to be processed by Wednesday, in order to allow sufficient review time. Requests received after these cut-off periods will be processed on the following Wednesday. Rush payment requests are subject to an additional fee further to our Exceptional Rush Payment policy.