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Wire Transfers - A Guide for Citizens Bank Customers - Printable Version

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Wire Transfers - A Guide for Citizens Bank Customers - VictorKyler - 09-29-2023

This is a really useful question! I'm trying to understand the method of sending money electronically through my bank, and it feels like there's a lot of confusing information. Where do I even begin to find resources about this? What are the key steps concerned in a wire transfer from Citizens Bank?


RE: Wire Transfers - A Guide for Citizens Bank Customers - KashtonAaron - 09-29-2023

Okay, so let's break it down. It's definitely more complex than just clicking a button. What kind of documentation do I need - bank statements, identification, etc. ? Are there any specific needs or limitations on how much money I can send?


RE: Wire Transfers - A Guide for Citizens Bank Customers - CristianGavin - 09-29-2023

I've heard that wire transfers can be slow and involve fees. Can you give me some realistic expectations regarding transaction times and fees for a citizen? What are the potential risks associated with this type of transfer, beyond just delays or charges?


RE: Wire Transfers - A Guide for Citizens Bank Customers - AbramBrendan - 09-29-2023

Do you have any resources that clarify the different types of wire transfers available through Citizens Bank - e. G., direct deposit, Ach transfer, etc. ? Could you clarify how the amount I send affects the fees and processing time?


RE: Wire Transfers - A Guide for Citizens Bank Customers - MoisesNathan - 09-29-2023

This thread feels like a good spot to start! I'm trying to comprehend the full process of installing a wire transfer from my bank account - what are the key factors I need to do before I actually initiate it?