Wire Transfers
Send and receive funds quickly and securely through IOU National Bank. Review our fees, cutoff times, and step-by-step instructions below.
Wire Transfer Fees
| Transfer Type | Outgoing | Incoming |
|---|---|---|
| Domestic (in-branch or phone) | $25 | Free |
| Domestic (online banking) | $15 | Free |
| International | $45 | $15 |
Fees are deducted from your account at the time the wire is processed. Intermediary or correspondent bank fees for international wires may also apply and are not controlled by IOU National.
Cutoff Times
Domestic Wires
4:30 PM ET
Requests received after 4:30 PM ET or on weekends and federal holidays will be processed the next business day.
International Wires
3:00 PM ET
International requests received after 3:00 PM ET will be submitted the following business day.
How to Send a Wire Transfer
You can initiate a wire transfer through any of the following channels:
Online Banking
- Sign in at iounational-help.com/login
- Navigate to Transfers & Payments > Wire Transfer
- Select “Domestic” or “International”
- Enter the recipient's banking details (see required information below)
- Confirm the amount and review the fee
- Authenticate with your security code and submit
Online domestic wires qualify for the reduced $15 fee.
By Phone
Call +1 (888) 462-4968 and a banking specialist will process your wire. You will need to verify your identity and provide the recipient's banking details. Phone wires carry the standard $25 domestic or $45 international fee.
In Branch
Visit any IOU National branch with a valid photo ID. A banker will complete the wire transfer form with you and submit it for same-day processing (if before the cutoff time).
Required Information
For Domestic Wires
- Recipient's full legal name
- Recipient's bank name and routing number (ABA)
- Recipient's account number
- Amount and purpose of the transfer (optional but recommended)
For International Wires
- All domestic wire details (listed above)
- Recipient bank's SWIFT/BIC code
- Recipient bank's full address (city and country)
- IBAN (if sending to countries that require it, such as those in Europe)
- Intermediary/correspondent bank details (if applicable)
- Purpose of the transfer
Processing Times
- Domestic wires are typically completed the same business day when submitted before the 4:30 PM ET cutoff. Most recipients see funds within a few hours.
- International wires generally take one to three business days depending on the destination country, currency, and intermediary banks involved.
- Incoming wires are credited to your account as soon as they are received and verified, typically within the same business day.
Recall Policy and Fraud Prevention
Wire transfers are generally irreversible
Once a wire transfer has been sent and received by the beneficiary bank, it cannot be guaranteed to be recovered. IOU National can submit a recall request on your behalf, but the receiving bank is not obligated to return the funds. Recall requests should be submitted as soon as possible.
Protect yourself from wire fraud:
- Always verify the recipient's identity and banking details before sending a wire, especially if the request came via email.
- Be cautious of urgent requests to wire money to unfamiliar recipients. Legitimate businesses rarely require immediate wire payment.
- Never wire money based solely on email instructions — call the recipient at a known, trusted phone number to confirm.
- If you suspect fraud, call our fraud hotline immediately at +1 (888) 462-7233. Our fraud team is available 24/7/365.
Questions about wire transfers?
Our team can help you initiate a wire, track a pending transfer, or submit a recall request.