A wire transfer is one method individuals and businesses use to move money. It involves a direct electronic transfer of funds from an account at one financial institution, like a bank or credit union, to an account at another financial institution.
Incoming Wire Transfers
Instructions
All of the following information is required in order to receive a wire transfer into your UTFCU consumer or business account:
Send wire to: Volunteer Corporate Credit Union
ABA/Routing #: 264182395
Further Credit: UT Federal Credit Union
Account #: 264279800
Final Credit: Member’s Name and Account Number
Please note, UTFCU does NOT have a SWIFT/BIC code.
Fees
There is a $10.00 incoming wire fee (for foreign or domestic wires into a consumer or business account) that will be withdrawn once the wire is received.
If you are expecting a foreign wire, there may be additional charges taken out during the process by the financial institutions through which the funds are filtered; however, UTFCU will only charge the $10.00 incoming wire fee. Please see our Membership Agreement for our full fee schedule.
Outgoing Wire Transfers
Outgoing wire transfers may require in-person processing. Please contact us at (865) 971-1971, or stop by any branch, for information about sending a wire from your UTFCU account.
Yes, both foreign and domestic wires can be received into both consumer and business accounts at UTFCU. Visit the Wire Transfers page under the Benefits & Services menu tab for more information.
Receiving an incoming wire at UTFCU is easy, as long as you provide all of the required information along the way. Visit our Wire Transfers page under the Benefits & Services menu tab for instructions and fee information.
A wire transfer is one method individuals and businesses use to move money. It involves a direct electronic transfer of funds from an account at one financial institution, like a bank or credit union, to an account at another financial institution.
For significant transactions – like buying a home – a wire transfer or a cashier's check might be your only option. Why? The funds become available to the individual or organization receiving the wire transfer – the recipient – as soon as the money arrives in their account.
Visit our Wire Transfers page under the Benefits & Services menu tab for more information.
