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The AFCU 435 form serves as a critical tool for ensuring smooth and efficient processing of both domestic and international wire transfers at America First Federal Credit Union. Featuring essential instructions for each type of transfer, the form outlines key details such as routing numbers, beneficiary account information, and transaction fees. For domestic wires, users must complete the form with specific routing numbers and account details, while the guidelines for international wires include important information like the SWIFT/BIC codes for beneficiary banks. Notably, the form highlights cut-off times: domestic wires initiated after 3:45 p.m. and international wires after 3:00 p.m. may be processed on the next business day. The AFCU 435 also informs users about applicable fees, stating that a $15 charge applies for domestic transfers and a $30 fee for international wires, along with a standard $10 fee for all incoming wires. By consolidating these crucial details, the AFCU 435 form facilitates a streamlined process for members, ensuring funds are transferred securely and accurately.

Afcu 435 Example

 

INCOMING WIRE TRANSFER INSTRUCTIONS

DOMESTIC WIRES

 

 

 

Routing Number:

324377516

 

 

Destination Bank:

America First Federal Credit Union

 

P.O. Box 9199

 

Ogden, UT 84409

Beneficiary:

AFCU Account Name

 

Beneficiary Account:

AFCU Account Number

 

INTERNATIONAL WIRES

Incoming International US Dollar Instructions

Beneficiary Bank Swift BIC:

WFBIUS6S

 

 

Beneficiary Bank Name:

Wells Fargo Bank N.A. New York

 

 

Beneficiary Account Number:

FW324377516

 

 

Beneficiary Account Name:

America First Credit Union

 

 

Remitter to Beneficiary Details:

Member Account Number

 

 

 

 

Member Name

 

 

 

Incoming International FX Payment Instructions

 

 

Beneficiary Bank Swift BIC:

WFBIUS6-WFFX

 

 

Beneficiary Bank Name:

Wells Fargo Bank N.A. San Francisco

 

 

Beneficiary Account Number:

FW324377516

 

 

Beneficiary Account Name:

America First Credit Union

 

 

Remitter to Beneficiary Details:

Member Account Number

 

 

 

 

 

Member Name

 

 

 

*Domestic Wires taken after 3:45 p.m. Mountain Standard Time (please adjust accordingly for Nevada and Arizona) will be processed on the next business day. The fee for a Domestic Wire is $15 (disclosed in the Rate and Fee Schedule).

*International Wires, for personal accounts, may not be initiated after 3:00 p.m. Mountain Standard Time (please adjust accordingly for Nevada and Arizona). The fee for an International Wire is $30 (disclosed in the Rate and Fee Schedule)

THERE IS A $10 FEE FOR ALL INCOMING WIRES

*IRWIR*

*IRWIR*

AFCU Form #435 REV04/21

File Breakdown

Fact Name Fact Detail
Form Purpose The AFCU 435 form is used to provide instructions for incoming wire transfers.
Domestic Wire Transfer Routing Number The routing number for domestic wires is 324377516, associated with America First Federal Credit Union.
International Wiring Details For international wires, the beneficiary bank is Wells Fargo Bank N.A. with specific Swift BIC codes for US Dollar transactions.
Cut-off Times for Domestic Wires Domestic wires initiated after 3:45 p.m. Mountain Standard Time are processed on the next business day.
Cut-off Times for International Wires International wires for personal accounts must be initiated by 3:00 p.m. Mountain Standard Time for same-day processing.
Fees for Domestic Wires The fee for domestic wire transfers is $15, as disclosed in the Rate and Fee Schedule.
Fees for International Wires The fee for international wire transfers is $30, also disclosed in the Rate and Fee Schedule.
Incoming Wire Fee All incoming wires incur a fee of $10.
Governing Authority This form complies with federal regulations applicable to credit unions, particularly for wire transfer operations.

Guide to Using Afcu 435

Completing the AFCU 435 form is essential for processing incoming wire transfers correctly. Make sure to follow each step to ensure all information is accurately provided.

  1. Start by filling in the Routing Number: 324377516.
  2. Next, enter the Destination Bank: America First Federal Credit Union.
  3. Specify the Destination Bank Address: P.O. Box 9199, Ogden, UT 84409.
  4. For the Beneficiary, include your AFCU Account Name.
  5. Complete the Beneficiary Account section with your AFCU Account Number.
  6. If processing an International Wire, fill in the Beneficiary Bank Swift BIC as WFBIUS6S.
  7. Write down the Beneficiary Bank Name: Wells Fargo Bank N.A. New York.
  8. Include your Beneficiary Account Number: FW324377516.
  9. List your Beneficiary Account Name: America First Credit Union.
  10. Provide the Remitter to Beneficiary Details, including Member Account Number and Member Name.
  11. If necessary, for Incoming International FX Payments, repeat steps 6-10 using the Swift BIC WFBIUS6-WFFX and Wells Fargo Bank N.A. San Francisco.

Make sure to double-check all entries for accuracy before submission. This will help avoid delays and ensure a smooth wire transfer process.

Get Answers on Afcu 435

  1. What is the AFCU 435 form?

    The AFCU 435 form is used for incoming wire transfers to America First Federal Credit Union (AFCU). It provides detailed instructions for both domestic and international wire transfers, ensuring that the funds are directed to the correct accounts.

  2. What details are required for a domestic wire transfer?

    For a domestic wire transfer, you need to provide the following details:

    • Routing Number: 324377516
    • Destination Bank: America First Federal Credit Union
    • Beneficiary Account Name: Your account name at AFCU
    • Beneficiary Account Number: Your AFCU account number
  3. What are the fees associated with wire transfers?

    There are two primary fees associated with wire transfers at AFCU:

    • Domestic Wires: $15 per transfer
    • International Wires for personal accounts: $30 per transfer
    • All Incoming Wires: $10 fee
  4. What are the deadlines for initiating wire transfers?

    Time restrictions are important to note:

    • Domestic wires must be initiated by 3:45 p.m. Mountain Standard Time to be processed the same day.
    • International wires must be initiated by 3:00 p.m. Mountain Standard Time.
  5. What information is needed for an international wire transfer?

    For an international wire transfer, the following details are crucial:

    • Beneficiary Bank Swift BIC: WFBIUS6S (for US Dollar transactions) or WFBIUS6-WFFX (for FX transactions)
    • Beneficiary Bank Name: Wells Fargo Bank N.A.
    • Beneficiary Account Number: FW324377516
    • Beneficiary Account Name: America First Credit Union
    • Remitter to Beneficiary Details: Your Member Account Number and Name
  6. Can I initiate an international wire transfer after the deadline?

    No, if you attempt to initiate an international wire transfer after 3:00 p.m. Mountain Standard Time, the transfer will not be processed until the next business day. Ensure that all required information is ready before the deadline.

  7. Where do I send the completed AFCU 435 form?

    The completed AFCU 435 form should be submitted to America First Federal Credit Union at the following address:

    P.O. Box 9199, Ogden, UT 84409.

  8. What happens if I make a mistake on my wire transfer?

    Any errors on the wire transfer may result in delays or incorrect processing of the funds. It is crucial to double-check all details on the AFCU 435 form before submission. If a mistake is discovered after submission, contact AFCU immediately for assistance.

  9. Is there a limit on the amount I can wire?

    Limits on wire transfers can vary by account type and transaction history. It is advisable to check with AFCU directly for specific limits applicable to your account before initiating a wire transfer.

Common mistakes

When filling out the AFCU 435 form for wire transfers, it’s easy to make mistakes. These errors can delay the process or even result in lost funds. Here are **nine common mistakes** people often make.

First, many individuals forget to verify the routing number. The correct routing number is 324377516 for domestic wires to America First Federal Credit Union. An incorrect routing number can lead to funds being sent to the wrong bank.

Secondly, not entering the beneficiary account name is a frequent oversight. Be sure to include the AFCU Account Name, as this ensures the funds will be credited correctly to the intended account.

In addition, confusion may arise between domestic and international wire instructions. Always check whether you need to use the domestic routing number or the SWIFT code specific for international wires. Using the wrong instructions can complicate the process.

Another common mistake is neglecting to include the remitter details. Both the member account number and member name are essential for the transfer to be processed smoothly. Omitting this information could delay the transaction.

People often misinterpret the timing requirements for wire transfers. Domestic wires must be initiated before 3:45 p.m. Mountain Standard Time, while international wires have a cutoff of 3:00 p.m. If the request is made after the specified times, it will be processed the next business day.

Many individuals overlook the associated fees. The fees for a domestic wire are $15 and for an international wire, $30. Understanding these costs upfront can help avoid any surprises.

It's also crucial not to ignore the information related to incoming wires. There is a $10 fee for all incoming wires, which is often forgotten. Make sure to account for this to manage expectations regarding any incoming funds.

Lastly, double-check your details for spelling errors or inaccuracies. Small typos can lead to significant issues when transferring money. It’s always wise to review the entire form before submitting.

Taking the time to avoid these common mistakes will help ensure a smoother and more efficient wire transfer process. Clear communication of the necessary information is key to successfully completing the AFCU 435 form.

Documents used along the form

The AFCU 435 form, designed for incoming wire transfer instructions, is essential for managing both domestic and international wire transactions with America First Credit Union. When using this form, you might also encounter several other important documents that help streamline banking processes. Each of these forms plays a significant role in ensuring smooth financial transactions and compliance with banking regulations.

  • Wire Transfer Authorization Form: This document allows you to authorize the bank to process a wire transfer from your account to a designated recipient. It typically includes details such as the amount, recipient’s name, and account information.
  • Account Verification Form: Used to confirm the identity and account details of both the sender and the recipient. This form helps protect against fraud by ensuring that the information provided is accurate and verified.
  • Foreign Exchange Request Form: For international wire transfers, this form is necessary if you wish to specify the desired currency and exchange rates. It enables you to initiate transactions in currencies other than USD.
  • Fee Schedule Disclosure: This document outlines all associated fees for wire transfers and other services provided by the bank. Understanding these fees is crucial for budgeting and will help you avoid surprises during transactions.
  • Terms and Conditions for Wire Transfers: By reviewing this document, you agree to the rules and guidelines set forth by the bank for handling wire transfers. It is essential for ensuring that all parties understand their rights and responsibilities.

Each of these forms works in conjunction with the AFCU 435 to facilitate a seamless process for wire transfers. Knowing about these documents can help you prepare better and execute your transactions with confidence. Always check with your bank for specific requirements and to ensure you have the most up-to-date information.

Similar forms

  • Wire Transfer Authorization Form: Similar to the AFCU 435 form, this document is used to provide instructions for sending funds electronically. It details routing numbers, beneficiary information, and conditions regarding timing and fees.

  • Direct Deposit Authorization Form: This document allows employees or benefit recipients to authorize their pay or benefits to be deposited directly into their bank account. It includes similar requested information, such as routing and account numbers.

  • ACH Transfer Request Form: Like the AFCU 435, an ACH form is employed for automated electronic exchanges, detailing recipient and account information. The focus here is on scheduled payments rather than single transfers.

  • International Payment Order Form: This form also facilitates the electronic transfer of funds across borders. Information on the beneficiary’s bank details and currency type mirrors that on the AFCU 435.

  • Bank Wire Transfer Form: Often required by banks for initiating wire transfers, this document captures sender and receiver information along with amounts and fees, just like the AFCU 435.

  • Money Transfer Agreement: This agreement outlines the terms of a money transfer transaction. It includes information about fees and conditions similar to those outlined in the AFCU 435 form.

  • Payment Instruction Form: Used for various payment methods, this form contains detailed information on how funds should be transferred, echoing the requirements of the AFCU 435.

Dos and Don'ts

When filling out the AFCU 435 form, certain guidelines should be followed to ensure accurate processing. Below is a list of things to do and to avoid.

  • Do verify the routing number: Ensure you enter the correct routing number (324377516) for domestic wires.
  • Do provide complete benefactor details: Include the full beneficiary account name and account number.
  • Do check the time for processing: Submit domestic wires before 3:45 p.m. Mountain Standard Time to avoid delays.
  • Do understand the fees: Be aware of the $15 fee for domestic wires and the $30 fee for international wires.
  • Do utilize provided bank information: Use the correct SWIFT BIC and account details for international wires.
  • Don't submit incomplete forms: Omitting essential information can lead to processing errors.
  • Don't ignore time zones: Adjust for time differences, particularly if you are in Nevada or Arizona.
  • Don't initiate wires after specified times: International wires cannot be processed after 3:00 p.m. Mountain Standard Time.
  • Don't forget the incoming wire fee: There is a $10 fee for all incoming wires, which must be taken into account.
  • Don't overlook double-checking details: Small errors in account numbers or names can result in complications.

Misconceptions

Misconceptions about the AFCU 435 form often lead to confusion among users. Here are ten common misunderstandings along with clarifications to enhance your understanding.

  • The AFCU 435 form is only for domestic wires. In reality, this form covers both domestic and international wire transfers, providing detailed instructions for each.
  • International wires are always more expensive than domestic wires. While international wires typically incur higher fees, the $30 charge for international transfers is justifiable when considering the complexity involved.
  • I can send international wires anytime during business hours. International wires must be initiated before 3:00 p.m. Mountain Standard Time to be processed the same day. Any wires started after this time will be processed the next business day.
  • The routing number for domestic wires is optional. The routing number is essential for ensuring that the funds reach the correct destination bank. It must always be provided.
  • All incoming wires incur the same fee. While there is a $10 fee for all incoming wires, the fees for outgoing domestic and international wires differ significantly.
  • Once I submit the AFCU 435 form, my wire will process automatically. Approval and confirmation are often required before a wire transfer is completed, so monitoring the transaction status is important.
  • The account name for the beneficiary can be generic. The beneficiary account name must match the information on file to prevent delays or issues with the transfer.
  • The AFCU form is only for members within the U.S. Though primarily for U.S. members, it facilitates international transfers as well, enabling global transactions.
  • The AFCU 435 form is complicated and hard to understand. The form provides straightforward instructions, and understanding it can be simplified with careful reading and attention to detail.
  • I can adjust the processing times based on my own schedule. Processing times are dictated by AFCU business hours. Late submissions will be actioned the next business day, regardless of personal preferences.

Clarifying these misconceptions can lead to a smoother experience when using the AFCU 435 form for wire transfers. Always ensure to read the instructions carefully and reach out with questions if uncertainties arise.

Key takeaways

When filling out and using the AFCU 435 form, here are key points to remember:

  • Domestic Wires: Ensure the routing number is 324377516 and the beneficiary is America First Federal Credit Union.
  • International Wires: Note the different instructions for US Dollar wires and FX payments. The beneficiary bank for US Dollar wires is Wells Fargo Bank N.A. in New York.
  • Processing Times: Domestic wires taken after 3:45 p.m. Mountain Standard Time will be processed the next business day.
  • Fees: A $15 fee applies for domestic wires, while international wires incur a $30 fee. All incoming wires incur a $10 fee.
  • Remitter Details: Include the member account number and member name in the remitter details for both domestic and international wires to ensure proper crediting.
  • International Spark: For international wires initiated after 3:00 p.m. Mountain Standard Time, processing will occur on the next business day.