Wire transfers are the most expedient method for transferring funds between your business accounts and other bank accounts. Because the funds are transferred in "real time," they are the ideal method of payment for large transactions where immediate transfer of funds is required.
Wire services can be used for domestic and international transactions. No cash or check exchange is involved because the transfer amount is directly debited and sent electronically. This can be done individually, on a recurring basis or through pre-approved draw-downs.
Additionally, you can manage the set-up of users for the wire transfer service and control the functions that each user is authorized to perform.
For more information about our services, call your Pinnacle financial advisor or contact one of our treasury management advisors.