WIRE TRANSFERS

Your credit union has the capability to transfer funds by Bank Wires (domestic and international) and Western Union Transfers.

Bank Wires may be authorized from your account to another financial institution.

• Contact the receiving institution for specific wire transfer instructions, including their complete name, address and 9-digit ABA number. Find out if the bank uses an intermediary bank to route the wire through before it reaches its final crediting institution. Many small credit unions and banks use an intermediary institution. You will also need the account name and number at the receiving institution to which the funds will be credited.
  
• International Wires will need country and city information or swift code.
  
• If you are wiring the money to your own account at another institution, you can give us wire instructions over the telephone.
  
• If you are wiring the money to someone else’s account, we must have the information in writing with your signature.
  
• Bank Wire requests must be received by 2:30 PM (CST) for same day processing.
  
• Domestic Bank Wires will take 24 to 48 hours to receive. International Bank Wires may take as long as a week to receive.
  
• Wires in the amount of $2,500 or more will require a call back.
  
• Fees: Domestic - $9.00 per wire. International - $45.00 per wire.
  
• Forms: Domestic Wire Transfer Form (pdf)
  International Wire Transfer Form (pdf)
  
• Complete and print the appropriate form. Fax the completed, signed form to 210.678.5294.
  
• International wires will need to have address, city, state and country of the receiving party.

Western Union Transfers may be authorized from your account to a Western Union office.

• Call 1.800.325.6000 to find a Western Union agent to which you want funds sent. The recipient of the funds will need to present a valid photo ID to pick up the funds and will need to tell the Western Union agent that the funds are coming from Air Force Federal Credit Union.
  
• If you are the person receiving the funds, you can give us wire instructions over the telephone.
  
• If you are sending the money to another person, we must have the information in writing with your signature.
  
• Western Union transfer requests must be received by 4:30 PM (CST) for same day processing.
  
• Western Union transfers will take from 2 to 3 hours to receive.
  
• The maximum dollar amount that can be sent through Western Union is $10,000.
  
• Fees: Domestic Transfer - $15.00 International Transfer – varies.
  
• Form: Western Union Transfer Form (pdf)
  
• Complete and print the appropriate form. Fax the completed, signed form to 210.678.5294.

Incoming Wires. Air Force Federal Credit Union accepts incoming bank wires for deposit. Use the following wiring instructions to have money sent to your account at the credit union:

Air Force Federal Credit Union
1560 Cable Ranch Road, Suite 200
San Antonio, TX 78245

ABA #314085504

The Name on Your Account
Your Account Number and Share Account to Credit

Wire Transfer Agreement

I hereby request that Air Force Federal Credit Union (the “Credit Union”) send the amount indicated on the wire transfer request form to the bank designated. I understand that this wire transfer is irrevocable and that there is a non-refundable fee for each wire transfer. I understand and agree that the sole obligation of the Credit Union is to exercise ordinary care in processing this wire transfer and is released from responsibility for any inaccuracy, interruption or delay in transmission beyond its control. The Credit Union is authorized to use any means it may consider suitable for the transmission of funds. In making this request, I further understand and/or agree that:

Air Force Federal Credit Union will perform the following security procedures before making the transfer:

1) Check at least one piece of identification of the person signing the request to ensure that their name is the same as the name on the identification and/or, 2) when warranted, verify at least one or more items of information known to us from the member records. All requests not made in person which exceed $2,500 shall require call back verification. The Credit Union is under no obligation to confirm in any other way the identity of the person making the request.

These security procedures are to ensure that the request was properly authorized. I agree to be bound by my request when authorized by me or if the Credit Union has accepted it in good faith and in compliance with these security procedures. Any action in addition to these security procedures in an attempt to determine proper authorization will not become part of the security procedures and the Credit Union will not be held liable for omitting these same actions with respect to any future requests.

Air Force Federal Credit Union sends wire transfers through the Federal Reserve Bank’s (FRB’s) FedWire system. Because of this, the transfers are subject to the FRB’s Regulation J. If I provide the Credit Union with a name and a routing number for a financial institution to receive the transfer, I understand that, in the case of error, the routing number controls the transfer. If I give the Credit Union a name and an account number of the person or entity to receive the transfer, I understand that, in the case of error, the account number controls the transaction.

The FRB requires receipt of the wire by a certain time. The wire must be received by Air Force Federal Credit Union by 2:30 p.m. Central Standard Time to ensure same day processing. If the transfer is received after this time, the transaction will not be processed by the FRB until the next business day.

The wire transfer request can be delayed or not processed if; 1) I do not have sufficient available funds in my account to cover the request, 2) the financial institution to receive the transfer, or through which the transfer is to be made, is not acceptable to the Federal Reserve System, an intermediary institution or the Credit Union, 3) the transfer would cause the Credit Union to violate a law, court order, regulation or a government guideline or program. If the transfer cannot be made or is significantly delayed, the Credit Union will attempt to notify me by telephone.
At the time the wire transfer request is accepted by us, your account will be debited for the amount of the transfer and for the transfer fee. Please refer to the Truth in Savings Service Fees brochure.

All inquiries about the wire transfer should be made to the Wire Department at 210.673.5610 or 1.800.227.5328

The Wire Transfer Request will be confirmed on my statement of account. If I learn of any error in the transfer, I will notify the Credit Union immediately in writing to Air Force Federal Credit Union, ATTN: Wire Department, 1560 Cable Ranch Road, STE 200, San Antonio, Texas 78245 or by telephone at the numbers above. In no case may such notice be made more than 14 days after first confirmation of the request. If the request is made in error and Air Force Federal Credit Union suffers a loss because I failed to notify the Credit Union within this 14 day period, I will reimburse the Credit Union for such loss.

Air Force Federal Credit Union will be responsible for making the transfer as provided in this agreement and the only representations and warranties are in this agreement. The Credit Union cannot be responsible for the errors, actions, or failure to act of any other person or entity used to make the transfer or to transmit information, such as other financial institutions, government entities or carriers of communication. These persons and entities are not agents of Air Force Federal Credit Union.

Air Force Federal Credit Union cannot be held responsible for any liability, loss or delay in making the transfer caused by events beyond the Credit Union’s control, such as fires, earthquakes, power surges or failures, communication failures, wars, riots, acts of government, legal constraints. The Credit Union will not be liable to me or my agent for any special, consequential, indirect or punitive damages even if a claim is based on tort or contract or it was known that these types of damages were likely. If it is determined that the Credit Union was liable, the Credit Union will provide interest on the funds based on the Share Account dividend rate in effect at the time for the period of the delay.

This agreement is the entire agreement between us concerning the wire transfer request. If a provision of the agreement is not enforceable, the other provisions will still be enforceable.