Our new Third Party Wire Transfer product is a cost efficient way to originate and receive wire payments on behalf of your account with the Federal Reserve Bank, using Bankers’ Bank FIRE system.  The ability to use FIRE for these transactions, allows your bank to reduce, or in some cases, eliminate the need for a Fed Connection.

As the wires will be debited and credited at your Fed account, you can wire in and out of that account based on the Fed’s wire processing schedule, giving your customers the ability transact their business later in the day.  To learn more about this product Click Here or contact your Correspondent Banker.