Contact a Business Specialist today to find out more!
410-558-4200
business1st@1stmarinerbank.com
How Your Company Benefits
With 1st Mariner Wire Transfers you can:
- Move funds quickly and securely.
- Move funds on a same-day basis.
- Enjoy multiple levels of security.
How It Works
You can enjoy faster, simpler, and more convenient processing of same-day and future-dated domestic wire payments with 1st Mariner’s Wire Transfer service. Here’s how it works:
First, notify 1st Mariner Bank in writing of each individual authorized to initiate wire transfers from the company account. Your wire transfer can be completed at your local branch, by fax or online. Once the Bank receives wire transfer instructions, we will debit the account specified in the transfer instructions and will send the funds, via Fedwire, to the bank and account that you have specified.
There are three ways to request a wire transfer:
At Your Local Branch
You can complete a wire transfer at any branch that has a Wire Transfer Agreement on file.
Via Fax
Once your company has signed a Business Wire Transfer Agreement, wire transfer request forms can be faxed directly to the wire room. This allows the Bank to verify signatures on the agreement. Your company will be assigned a PIN (Personal Identification Number) by the Bank. Each time a wire request form is faxed to the wire room, the Bank will call the company on a recorded line for verification of the wire information. A PIN will be requested and a reference number assigned for the transaction.
Online
Wire transfers can also be entered through 1st Mariner Bank’s online banking service. 1st Mariner Bank’s online banking Wire Transfer functionality allows users to create repetitive wire transfer templates or initiate one-time transactions (free-form/non–repetitive wires). The System Manager has the ability to provide users access to templates, and to set daily and transactional limits along with approval counts per user. The online banking system has a routing number database that will keep your company’s templates/transactions consistent and up to date for proper processing at the financial institution. Using this database, users have the ability to search for or verify a financial institution’s name, address, or routing information.
Online wire transfers must be submitted no later than 3:30 PM EST. Wires initiated at a branch with a Wire Transfer Agreement on file must be submitted no later than 2:00 PM EST. Wire transfers are final and are not subject to stop payments or recalls. Your company must have fully collected funds in the debited account to cover any wire transfers. 1st Mariner Bank will forward incoming wire advices to the company for any incoming wires that are received.