Create US Wire Payment
You use the Create US Wire Payment page to create a US wire payment.
Payment Information
The Payment Information section defines general payment details.
- Debit Account
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The account from which the payment is made
- Debit Amount
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Amount that will be deposited into the destination account
- Value Date
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The date on which a wire transaction is settled by payment and delivery.
The value date can be entered by either of the following methods:
- Manually enter the value date by typing it or selecting it using the calendar.
- Automatically calculate the next available date by clicking Get Value Date. The system determines the date the beneficiary account will be credited.
Also, note the following:
- The system checks that the date is a business day for the bank. If scheduled for today, the system verifies that the cutoff time has not passed.
- Future-dating restrictions – The financial institution may restrict the number of days into the future that a payment can be scheduled.
- Minimum lead time:
- Transactions must be scheduled either one or two days before the effective date, depending on whether the payment is a credit, debit, or mixed batch.
- Payments may require one or more approvals and thus need additional time for processing.
- Frequency
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How often the payment should be made
- If a single, non-recurring payment, select One Time Only.
- If a recurring payment, select
Recurring, and make a selection for each of these options:
- Recurring Schedule – Select a payment schedule from the list.
- Weekend/Holiday Schedule – For weekend or holiday payments, select either previous day or next processing.
- Number of Payments – Select one of the payment options.
- See also About Recurring Payments
- Sender's Reference
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Optional reference information for this payment
- Reference for Beneficiary
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Optional, additional information about the payment
- Details of Payment
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Optional, additional information about the payment
- Ordering Customer
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The Ordering Customer section includes details about the party ordering the wire payment. You can add a recipient to a payment by selecting an existing recipient from a list or by creating a new one. After selecting or creating a recipient, you are returned to the main page for the payment and the recipient details are displayed.
Note: The availability of this function depends on the company’s configuration.
Recipient Information
The Recipient Information section includes details about the recipient of the payment. You can add a recipient to a payment by selecting an existing recipient from a list or by creating a new one. After selecting or creating a recipient, you are returned to the main page for the payment and the recipient details are displayed.
Options
The Options section includes settings that affect how the payment will be processed and available to other users.
Field / Option | Description |
---|---|
Remittance Information | Enables you to add remittance information to the payment
After clicking Create New, an overlay appears where you select the type of remittance. Depending on the user's choice, additional information will then be required. |
Routing Instructions | The section can be used to identify the following optional information:
Selecting a check box adds the corresponding information. When additional fields appear, enter the information, as needed. |
Workflow: Save as template | This option saves the completed transfer instructions as a template, which is useful if you regularly make the same type of transfer. If you select this option and click Continue, a page appears where you can define template details. |
Workflow: Approve on Submit | The payment receives one of its required approvals upon submission. If only one approval is required, the payment is sent for processing. If more than one approval is required, the payment is placed on the Pending Payments list to await the additional approvals by other users. |