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For additional questions, please contact your local branch or our customer call center at (800) 322-5222.

Frequently Asked Questions—Wiring Money

1. What are your cutoff times for wires?
2. Do you have a SWIFT or BIC code?
3. How do I send a wire to my Merchants Bank account?
4. How do I send a wire from my Merchants Bank account?
5. Can I initiate wires electronically?

Answers:

1. Outgoing: Properly completed and funded requests for outgoing wires received by 2:00 pm will be processed the same day. Wire requests received after 2:00 pm will be processed the next business day.
   Incoming: Wires received prior to 4:15 pm will be processed the same day. Wires received after 4:15 pm will be processed the next business day.

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2. No. Merchants Bank is not a member of the SWIFT system. Merchant Bank works with correspondent banks that are members of the SWIFT system in order to send and receive international wires.
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3. Domestic wires—The originating bank should use the information in the table below.
   International wires—The originating bank outside the U.S. selects a correspondent bank in the U.S. who will then forward the funds to Merchants Bank. The information in the table below must be included with the original wire instructions:
   

   Beneficiary Bank ABA #:	011600020
   Beneficiary Bank:	Merchants Bank, South Burlington, VT
   Beneficiary Account Number:	Merchants customer’s account # to be credited
   Beneficiary Name and Address:	Account name and address as it appears on the Merchants Bank statement

   
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4. Please visit your local Merchants Bank branch to initiate outgoing wires. The following information will be needed:
   • For a domestic wire, please provide:
     Beneficiary Bank name, ABA # for wire processing and bank address
     Beneficiary name, address, and account number
   • For an international wire, please provide:
     Beneficiary Bank name and address
     Beneficiary Bank SWIFT code
     Beneficiary name, address and account number
     Beneficiary IBAN number, if applicable
     Correspondent Bank, if available
     
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5. Yes, but only if you are a business customer and have signed up for the Business Premium Plus Online Banking.
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