Are you one of those that are interested in making a wire transfer with USAA but do not know the USAA wiring instructions? Could it be that you have seen some of the USAA wiring instructions, but you are confused and therefore need a clearer explanation about them?
Okay, I want to first assure you that you have landed at the right place. So relax and read this article to the end. In this article, we have clearly and explicitly explained the USAA wiring instructions in the best and simplest way ever. This is the best you can ever get so do not go away as we begin.
If you are a student who banks with USAA and probably wants to travel to another country for further studies, you will require wire transfers. Even as an adult or a business person who has customers or trades business with people outside your country, you will need the services of the USAA wire transfer. Everyone who intends to send money from their country of residence to another must use wire transfers.
And sending money through wire transfer is now easy with new technologies and systems that are being introduced daily. That is why you do not have to worry about how to go about it as long as you are following laid-down instructions.
If you are a USAA customer who wants to make use of the bank’s wire transfer services, then you should get acquainted with every USAA wiring instructions before proceeding. I know you will want to know what I mean by USAA wiring instructions.
Don’t worry, in each paragraph of this article, you will get insights and full knowledge of what the USAA wiring instructions are. So, without further ado, let us proceed to see the instructions.
What Are USAA Wiring Instructions?
Let us begin by understanding what USAA wiring instructions are. As you must have deciphered from the introduction, the concept has to do with those rules and rudiments that are involved in the process of using the USAA wire transfer service.
In other words, the rules, instructions, guidelines or procedures, and all that should be known and followed when making USAA wire transfers are what we refer to as the USAA within instructions. If these instructions are not known or followed accordingly, one might end up doing it the wrong way or even be taken unaware when you get to some points in the transfer.
In the remaining sections of this post, I will explain the various categories of the USAA wiring instructions including request, fees, time, transfer limit, etc. So pay attention as we start with the requirements.
USAA Wiring Instructions About Requirements
The first set of USAA wiring instructions is those that concern the requirements that are needed for a successful wire transfer. This group of instructions is divided into 2 groups. They are the requirements that the recipient needs to send to you if you are the sender and those that you are to send if you are the receiver. See them below for a better understanding.
From The Recipient
On the USAA wiring instructions about the needed requirements, let us see what the recipient should send to you as follows.
- The full name of the recipient as it is in their bank account.
- The account number that the recipient is used for receiving wire transfers.
- The address of the bank of the recipient.
- The SWIFT code of the bank of the recipient.
- The amount of money that you wish to send through wire transfers.
- A short note describing the purpose of the payment.
So, if you are the sender of the wire transfer, this is the information that should be provided to your bank for the wire transfer.
Requirement From You If You Are The Recipient
Furthermore, on the USAA wiring instructions, see what you are to provide to the sender if you are the recipient of the wire transfer and you are a USAA customer.
- Your full name
- Your address. This could be your home or office address.
- The SWIFT code of USAA. This is used for processing wire transfers. The SWIFT code of the USAA is that of the Bank Of New York Mellon. And the code is IRVTUS3NXXX. I will explain this further in the course of the article.
- Your bank name and address. They are USAA Federal Savings Bank, 10750 McDermott Freeway, San Antonio, TX 78288.
- The bank name and address of the Bank Of New York Mellon. It is 225 Liberty St, New York, NY 10286.
So these are the USAA wiring instructions that border around requirements. It is important to note here that USAA partners with the Bank Of New York Mellon to process its wire transfers since the former is not an international bank. Hence its details are included in the USAA wiring instructions.
USAA Wiring Instructions About Fees
Still, on the USAA wiring instructions, let’s talk about the wire transfer fees. This is one of the most important parts of the instructions that you must pay attention to. With USAA, there are three categories of wire transfer fees. And this has contributed to the high fees of the service.
The first few that you are required to pay is that of the USAA bank and that is $20 per transaction. After that, you will also be required to pay another $25 as the fee to the correspondent bank. Remember we said that it processes wire transfers using the Bank of New York Mellon. So the $25 us for that bank.
Lastly, the money will be converted to the currency of the receiving country. And the exchange rate is usually not the same as the mid-market rate. Hence a mark-up rate will be used. This again would reduce the money that you are transferring. And they are all necessary to process a USAA wire transfer hence they are parts of the USAA wiring instructions.
USAA Wiring Instructions About Time
Another category of the USAA wiring instructions to consider is the time of receiving the wire transfer. This is necessary to avoid unnecessary panic when you have not received the funds. If you are making a domestic wire transfer, it will take 1 or 2 days for the funds to arrive in the bank account of the recipient.
However, if it is an international wire transfer, the funds will arrive within 15 days from the day you requested. There might be some delays if there are issues with the information provided hence you can contact customer care to know what the problem is.
USAA Wiring Instructions On Transfer Limit
Furthermore, on the USAA wiring instructions, you are limited to sending a maximum of $10,000 with USAA wire transfers. If there is the need to send more, call the customer service number listed below to request more.
USAA Wiring Instructions On How To Request
Now after seeing every other USAA wiring instruction, how do you make the wire transfer? It is by request from your bank. And to do this, you should make sure that you have an active account with USAA that is more than 10 days old. Then you can call 800-531-8722 and 210-531-USAA (8722) to request.
You will be directed on how to send the requirements across. To request a wire transfer with USAA, the call must be made between the hours of 7:30 AM and 3:30 PM. Anything short of that, you will not be attended to.
We have successfully shown you the USAA wiring instructions that will aid you towards a successful wire transfer journey. I hope with this there will be no more problems and confusion about the transfer process.