What is a wire? 

A wire is an electronic transfer of money from one bank account to another quickly and securely. 

Are wire transfers safe? 

A wire transfer is a safe and immediate form of payment.  Wires are final and cannot be canceled once the transfer is initiated.  Because of this, they are also frequent targets for fraud.  Reduce your risk by not wiring funds to individuals or businesses you do not know, be wary of schemes to cover taxes, loved one’s expenses and sending back a portion of a check sent to you.

Cut-Off Times

All wire requests received prior to the cutoff times listed below are processed the same day.

• Cut-off times are Monday – Friday, excluding federal holidays.

Wire transfer cost? 

The price of the wire transfer is dependent on whether it is Domestic* or *Foreign/International. 

Domestic – $15.00

Foreign/International – $15.00 plus any correspondent bank fees.

We do not charge a fee for any incoming wire.

How to receive a wire at First National Bank of Moose Lake? 

The debtor is the one required to provide all instructions for the wire, which may include the creditor’s name, bank, and account number.  You can provide the Creditor Agent First National Bank of Moose Lake’s wiring instructions. To receive a copy of the wiring instructions, please contact us at 218-485-4441.

How to send a wire:  You must come into the bank and sign our wire request form.  If you are unable to come into our bank and will need to complete the wire by phone, you must make arrangements ahead of time by completing our preset wire code word agreement in person. 

What you will need to send a wire:

• A copy of the Creditor Agent’s domestic or international wiring instructions
• Wire amount – All funds must be cleared and available.
• Creditor’s name as it appears on the account
• Creditor’s physical address
• Creditor’s account number
• Creditor Agent name
• Creditor Agent routing number

Contact our Personal Banker or Customer Service Representative at 218-485-4441 for assistance.