International Wire Transfers
We provide our multi-national membership with convenient, secure, and affordable options for international money transfer.
From outside the United States
to BankFund
No fee charged by BankFund for incoming wires.
Other financial
institutions or intermediary banks
may charge fees, typically
ranging
from $15 to $75.
Provide the sending institution
with the required wire
transfer
information to help ensure timely
and accurate
receipt.
Receive Money with International Wire Transfers
| For incoming wire transfers in foreign currency, please find the corresponding instructions in PDF format: | Get Instructions |
Wire funds to:
Bank-Fund Staff Federal Credit Union
1725 I (Eye) Street NW, Washington, DC, USA
ABA (Routing and Transit) Number: 254074170
SWIFT Code: SFRUUS33 (For USD transfers only)
For credit to:
Recipient’s name
Recipient’s Credit Union account number
If the originating bank does not accept an ABA or SWIFT code and/or will require an IBAN, click below to see the instructions for the currency you wish to wire*.
How is the exchange rate calculated?
Cross-border banks and corresponding banks may
charge a conversion fee prior to the wire being handed off to our processor. The exchange rate and fees are set by the bank sending the wire. There is also a currency conversion charge for incoming non-USD wires published on our website here.
*Incoming wires
received in foreign currencies are subject to a Currency Conversion Charge.
Outgoing International Wire Transfers
A BankFund International Wire is the perfect way to move money from the United States to other countries.
All the
information you need to create a recipient and send a wire in Digital Banking:
- Name as it appears on the account
- Recipient’s full address
- Bank name and the bank's street address of the bank holding the recipient's account
- Account number – if transferring to Europe or countries that accept Euros, must be in the IBAN format
- SWIFT code
- Bank
code – required by the
following countries:
- Transit Code (Canada)
- Branch Code (Japan, Kenya, Hong Kong, Senegal, South Africa)
- Sort Code (United Kingdom)
- BSB Code (Australia, New Zealand, Fiji)
- CLABE (Mexico)
- RTGS IFSC Code (India)
- Specific Purpose – required in some cases
Check your wire recipient information
Confirm international wire
instructions with the recipient’s financial institution before submitting your request, as
routing details can change frequently and may affect timely delivery.
Incoming Wires and Foreign Drafts
BankFund can receive incoming wires and foreign drafts in many foreign currencies1 and convert them to U.S. dollars2, with a Currency Conversion Charge applied based on the transaction size.
| Transaction Size | Currency Conversion Charge |
|---|---|
| $0 to $4,999.99 | 2.55% |
| $5,000.00 to $9,999.99 | 2.45% |
| $10,000.00 to $24,999.99 | 1.65% |
| $25,000.00 to $49,999.99 | 1.40% |
| $50,000.00 to $99,999.99 | 1.05% |
| $100,000.00 to $149,999.99 | 0.78% |
| $150,000.00 to $249,999.99 | 0.47% |
| $250,000.00 and above | 0.36% |
1 We no longer accept Euro checks. Foreign exchange rates are internal to our processor and are not reflected in foreign exchange rate information provided by other sources.
2 Foreign exchange rates are internal to our processor and are not reflected in foreign exchange rate information provided by other sources.
Frequently Asked Questions
How long does it take
for funds from an outgoing international wire transfer to reach my bank outside the United States?
International wires usually take 3–6 business days to reach the destination bank. Delays may occur due to local settlement hours, compliance reviews, differences in banking systems, or processing limitations in certain countries.
How is the exchange rate
calculated for outgoing and incoming wire transfers?
For outgoing wires, the exchange rate is based on currency type and amount, so the larger the wire is, the better the exchange rate for the member.
There is also a currency conversion charge for incoming non-USD wires published on our website here.
I’m sending a wire to
Mexico, do I need to use the CLABE number?
Yes, if you’re sending funds to a Mexican bank account, you will typically need the recipient’s CLABE
number. When creating a recipient in Digital Banking, type the CLABE number in the account
number box.
A CLABE is an 18-digit banking number used in Mexico to identify the
receiving bank, branch, and account for electronic transfers. It helps ensure the money is routed
correctly.
Why were my wire
recipients not transferred to the new wire system?
As part of our transition from the legacy eWires system to our new wire platform, recipient (beneficiary) information was not migrated. This decision was made to enhance security, improve data accuracy, and ensure beneficiary information complies with current payment processing standards.
The global payments industry is in the midst of a significant transition to ISO-standard payment messaging, which introduces new data requirements, formats, and validation standards. Many recipient records stored in our legacy system were created under older standards and may no longer contain the information necessary to support modern payment processing requirements.
We strongly recommend obtaining current wire instructions directly from your recipient before sending a wire. Banking information can change due to account updates, bank mergers, routing changes, or other financial institution requirements. Under the Wire Service Agreement, members are responsible for providing complete and accurate wire instructions. Using outdated, incomplete, or incorrect information may result in delays, rejected wires, additional fees, misdirected funds, or loss of funds.
To help ensure your wire is processed accurately and efficiently, please verify recipient information before creating a recipient or initiating a transfer.