Receiving Domestic Wire Transfers To Dow Credit Union from a US Financial Institution

Fees

$0.00 for Incoming Domestic Wires

Requirements

To wire funds to Dow Credit Union, you will need the following Information:

Receiving International Wire Transfers To Dow Credit Union from a Non-US Financial Institution

Fees

$0.00 assessed by Dow Credit Union for Incoming International Wires using the Originating Institution’s Correspondent Bank

$10.00 assessed by Dow Credit Union for Incoming International Wires Using SWIFT Code

Requirements

To receive an international incoming wire transfer to a Dow Credit Union account, please provide the originating bank with the appropriate information about your deposit or loan account in order to ensure the money is received. Accuracy in completing instructions is critical.

Directions will vary depending on the sending bank’s practice for international wires. The sending bank may use their own Society for Worldwide Interbank Financial Telecommunication (SWIFT) code or it may use a correspondent bank to send international wires.

If using a Society for Worldwide Interbank Financial Telecommunication (SWIFT) code

Please contact Dow Credit Union for wire instructions at (989) 835-7794 or (800) 835-7794, Monday through Friday, 7:00 a.m. – 6:00 p.m. EST.

If Using a Correspondent Bank

You will need the following Information:

Important Information

Several institutions may be involved in the transfer of international currency. These institutions often assess fees to cover the risk of currency market fluctuations. Locking in the international exchange currency rate guarantees the amount being sent, but it does not prevent other types of fees from being deducted from the amount of the wire transfer. Dow Credit Union is not able to control the assessment of fees by third parties.

Incoming wire transfers are accepted until 5:00 p.m. ET, Monday - Friday.²

Allow one business day from receipt for international wire transfers to post. More than one business day may be required if all necessary information isn’t provided.

Incoming wire transfers designated as “Pay Upon Proper ID” cannot be accepted.

If a wire transfer is not received or needs to be researched because of issues, you should contact the originating financial institution for resolution.

¹Please refer to Online Banking, your monthly account statement or call the Credit Union for your 13-digit account/loan number.

²Incoming/Outgoing Domestic and International Wire Transfers are unavailable on the following observed holidays: New Year’s Eve & Day, Martin Luther King Jr. Day, President’s Day, Good Friday, Memorial Day, Fourth of July, Labor Day, Thanksgiving, Christmas Eve & Day.