Wire transfers are a safe way to move money between accounts in different financial institutions. You can request an outgoing wire from UMassFive by contacting our Call Center or by visiting one of our branches.  A wire fee is incurred for this service, which may be waived with Co-op Points.

UMassFive accepts incoming wire transfers and collected funds may be wired out domestically or internationally. All information presented must be written legibly in English. Transfers for less than $10,000 must be received before 3:30 p.m. to be processed that day. Transfers for $10,000 and more must be received before 2:00 p.m. to be processed that day.

Domestic wire transfers are generally completed within two business days; international transfers take longer. To comply with the Bank Secrecy Act Travel Rule, we must obtain the name and address of the beneficiary for all wire transfers equal to or greater than $3,000.

When instructing another institution to wire funds into your UMassFive account, they will need:

When instructing UMassFive to send your funds by wire to another institution, we will need:

• Your name, member number and share type from which to withdraw the funds and fees

• Receiving bank name with ABA Number and address

• Intermediary bank name with account number and address (if applicable)

• Final beneficiary name with account number, address and any special instructions

• SWIFT Number, IBAN Number, or bank code

It is the member’s responsibility to provide complete and accurate information to process a wire transfer. A fee is assessed if the member requests research.

For questions or assistance, please contact a Representative or email us today!