When you need to get money somewhere fast, we’ve got the answer! An outgoing wire transfer is a quick, convenient and reliable way to move funds from your DCECU account to another financial institution. To wire funds from DCECU, members will need to obtain wire transfer instructions from the receiving financial institution.
After obtaining the wire instructions from the receiving institution, a wire transfer can be initiated by completing the request below, calling us or stopping by.
Once the Wire Transfer Request is received, approved, and processed it can take up to 24 hours for the receiving institution to credit the final destination account.
$25.00 for wires sent to a Beneficiary Institution within the U.S.
In order to be sent on the current business day, an outgoing wire transfer must be submitted before 3:30 p.m ET. Any wire transfers that do not meet the deadline will be considered for the next business day. Missing or incorrect information on the form could further delay this process.
DCECU is unable to provide wire transfer services to locations outside the United States. More Info
In 2012, the Consumer Financial Protection Bureau (CFPB) issued a new rule designed to protect consumers who send money electronically to foreign countries, "remittance transfers." This rule took effect in the Fall of 2013 and imposed new regulatory requirements that will increase compliance costs and transfer liabilities to DCECU with greater risk of financial loss.
DCECU is unable to offer an equivalent wire transfer1 service to send funds internationally. We will continue to wire funds domestically, which may provide an option for you in the future. While this option would be a two-step process, we could certainly wire funds to another US financial institution where you would have established an account. Then, this institution could complete your international wire transfer for you.
We appreciate your business and sincerely apologize for any inconvenience this may cause. If you have any questions, please contact us.
Please note that you may still conduct ATM and VISA® Credit and/or Debit Card transactions outside of the United States as these will be unaffected by this change. ↩