Adding a wire transfer with a predefined template is a straightforward process. However, you must have set up a template beforehand, specifying all the necessary information for the beneficiary that is to receive the transfer. For details, see Template Maintenance. For details on how to set up and add a wire transfer without using a template, see Initiate Freeform.
Note: If you select a template where the debit account is no longer available (meaning that the account was closed or access was removed by the FI), the From Account field will be blank. If you try to initiate, you'll get an error message; the remedy is to go to Wire Transfer> Template Maintenance and choose another debit account for the template.
To display the initiate a wire transfer:
1. Select the Wire Transfer option on the Funds Transfer menu and then click Initiate Template. The Initiate Template screen appears.
2. (Optional) Alter the telephone number in the Contact Phone field. The Contact Name and Contact Phone fields are pre-filled with the data from your login, but you can change the phone number if appropriate.
3. Select a wire transfer template from the Select Template drop-down list. The list is populated with all approved templates. When you select a template, the From Account field is filled automatically.
Tip: If a template is missing from the list, it may be in Pending status, awaiting approval after a recent modification. You can check on the template’s status if you have access to the Template Approval function.
4. Enter the amount of the transfer in the Amount field. If your FI supports foreign currency exchange, the currency code (specified in the Wire Template) is displayed to the left of the input field.
5. (Optional) Change the date in the Value Date field. This is the date on which the Funds Transfer is to occur; the Value Date cannot be in the past and must be no more than 30 calendar days into the future from today’s date and must be a business day.
6. (Optional) Enter a brief message in the Originator to Beneficiary Message area.
7. Review all of the information and verify that it is correct. If necessary you can click the Reset button to clear all of the fields.
8. Click the Initiate button to submit the transfer. Please keep in mind that most financial institutions have a daily cutoff time for wire transfers.
Note: If the restrict option is checked and a wire transfer exceeds either the company limits or the end user an employee of the customer that is given access to application by the company administrator the customer, or a person assigned by the customer, who will have administration responsibilities in the Commercial Customer Platform of the application. or a user administrator. limits, the user will not be able to initiate the transfer. Also, your financial institution a bank, thrift, or credit union may specify that approval is required on all wire transfers, regardless of any defined limits. If approval is required (for any reason), a message will display on the screen with further instructions.
To check on the status of the submitted Wire Transfer, click the Transfer Activity option on the Wire Transfer menu.