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WIRE TRANSFERS

Send money anywhere across the world in a bank-to-bank transfer.

 

​SENDING MONEY WITHIN CANADA

If you would like to send money within Canada, an Interac e-Transfer® may be the simplest option: all you need is the recipient's email address or mobile phone number.

It's fast, secure and with our Simply Free Account®, it's FREE.

SENDING A WIRE TRANSFER


If you need to send more money than the Interac limits allow or send money outside of Canada, a wire transfer is a great option.

Visit us in branch with the below information handy and we'll be glad to help you out.

 
Wire transfer FEES
 
Incoming CDN currency wire transfer $15
Incoming USD currency wire transfer (fee in U.S. dollars) $15 USD
Outgoing CDN currency wire transfer $25
Outgoing USD currency wire transfer (fee in U.S. dollars) $25 USD
Outgoing wire transfer (currency other than CDN or USD) $25

 

 

 

WHAT YOU'LL NEED TO SEND A WIRE TRANSFER


When you ask us to send a wire payment, we'll ask you for your information as well as the below information about the beneficiary, so be sure to have those available. For your convenience we've also provided easy to fill out forms to ensure all necessary information is noted. 

  • Name, full address and date of birth

  • Account number

  • Branch number and full address

  • Institution number

  • Swift code / BIC / IBAN code

  • Routing number

  • Correspondent bank information for international wires*

What is a correspondent bank? In many international transfers, a correspondent or intermediary bank is used if the sending financial institution and the receiving financial institution don't have a direct relationship. A correspondent bank works as a middleman between the two banks and will often charge an additional fee which will vary per transaction.

 

 

 

RECEIVING A WIRE TRANSFER

 

If you're expecting a wire transfer, you will need to provide the sender with the following information:

  • Your full name and address
  • Your banking information, including the transit number, financial institution number and your account number. You can find these details by logging into your online banking or the mobile app, referencing one of your cheques or by calling our Member Advice Centre.

  • ​​As additional information is also required, we've provided easy to fill out forms below to ensure all necessary information is noted.


Select the type of a wire transfer you're expecting to see what additional information is required:

CDN Incoming Wire Transfers

Receiver Information
(SWIFT Field 56)
Central 1 Credit Union - Vancouver
SWIFT BIC: CUCXCATTVAN
Beneficiary Bank
SWIFT Field 57
Beneficiary's route #, transit #, Financial Institution's name and address
Beneficiary Customer
(SWIFT Field 59)
Beneficiary’s account #, name and address

DOWNLOAD FORM

USD Incoming Wire Transfers

Correspondent Bank Pay direct to:
SWIFT BIC: CITIUS33XXX
ABA: 021000089
Citibank N.A
New York, USA
Beneficiary Bank
(SWIFT Field 57 or Fedwire Tag 4100)
Central 1 Credit Union
SWIFT BIC: CUCXCATTVAN
Citibank Account No. 36371006
Beneficiary Customer
(SWIFT Field 59)
Beneficiary’s route #, transit #, account #, name and address
Payment Details
(SWIFT Field 70)
Beneficiary’s Financial Institution's name and address

DOWNLOAD FORM

Receiver Information
(SWIFT field varies)Central 1 Credit Union
1441 Creekside Drive
Vancouver, BC, Canada V6J 4S7
SWIFT BIC: CUCXCATTVAN
Beneficiary Customer
(SWIFT Field 59)
Beneficiary’s route #, transit #, account number, name and address
Payment Details
(SWIFT Field 70)
Beneficiary’s Financial Institution's name and address

DOWNLOAD FORM

 

Please note: If the wire transfer doesn't include all the necessary originator and beneficiary information, this may result in the refusal of the wire and the return of funds to the originator. A $25.00 service fee will be charged on all incoming wires where originator information is missing. Island Savings will not be responsible for payment delays or payment cancellations due to missing information.