Wire Transfers
Outgoing Wires
Wire transfer is a service offered by Star One that allows you to send money as a one time transfer, from your Star One account to another financial institution’s account either domestically or internationally.
All wire transfer requests are subject to Star One approval. Call us at (408) 543-5202 or (866) 543-5202 to confirm the amount of your outgoing wire before you initiate your request, then complete the form. For your security we may use additional authentication methods to verify your identity. Star One processes domestic wires in US Dollars only.
In some circumstances, it can be more beneficial to send an international wire in the currency of the receiving country due to exchange rates. For more information about foreign exchange, call us at (408) 543-5202 or (866) 543-5202. It is important to note that if there are any errors on an international wire transfer sent in foreign currency, Star One may not be notified of any delay or problem for up to a week.
Star One will process outgoing international wire transfers through a US Correspondent Bank. With international wires, you can send the funds in U.S. Dollars or in the currency of the receiving country. Sending an international wire transfer is a two-step process. First, funds are sent to a US Correspondent Bank where they are converted into the foreign currency. Second, the foreign currency is wired to the Foreign Bank. For processing, we require the name and ABA/Routing number of the US Correspondent Bank, as well as the beneficiary’s name and account number, city, country, branch location, and Swift Code of the Foreign Bank. Normally, the Foreign Bank provides you with the necessary US Correspondent Bank information. The beneficiary bank is responsible for crediting the received funds. The actual amount received by the beneficiary may be reduced by charges imposed by the beneficiary bank.
To initiate an outgoing International wire transfer, please call us during regular business hours for information and instructions. Accuracy is very important when completing your request form. Incorrect or incomplete information can delay a wire transfer.
The Outgoing Wire Transfer Request Form is located in Online Banking behind the "Online Forms" tab.
| How to transact |
Complete Form
|
| E-mail notifications available? |
No
|
| Minimum transfer amount |
Subject to Approval
|
| Maximum transfer amount |
Subject to Approval
|
| Maximum # transactions per day |
Subject to Approval
|
| Maximum transaction amount amount per day |
Subject to Approval
|
| Maximum # transactions per week |
Subject to Approval
|
| Maximum amount per week |
Subject to Approval
|
| Per Transaction fee - Incoming |
None
|
| Per Transaction fee - Outgoing |
Domestic Outgoing Wire Fee - $20
With account/loan balances > $5,000 - $15 International Outgoing Wire Fee - $30 With account/loan balances > $5,000 - $25 |
| One Time Set-Up Fee (Incoming or Outgoing) |
None
|
| NSF fee |
None
|
| Cancellation Fee (prior to six months) |
None
|
Please note the receiving institution may charge a fee for incoming wires.
Incoming Wires
To receive wired funds into your account, complete and print our Incoming Wire form and provide it to the Financial Institution sending the wire. There are no fees for incoming wires.
| Deadlines: |
2:00 pm PST deadline for same day domestic and international outgoing wires. 12:30 pm PST for same day foreign currency outgoing wires. 3:00 pm PST deadline for same day domestic incoming wires. International incoming wire transfers may take additional time. |
Important note: The Federal Trade Commission is warning consumers that paying for an online purchase with a wire transfer is risky. When making purchases from Internet auctions, credit cards and online payment services are safer. Learn more here.
Star One has several methods to move money in and out of the Credit Union. The best method depends on the amount, frequency, and location of the transfer. Visit our How to Move Money page for specific information.
