The person sending the wire transfer to your FirstOntario Credit Union account must provide the following information to their financial institution:
- Your name (account holder) and full address
- Your account number
- Your branch transit number and full branch address
- FirstOntario Credit Union's institution number: 828
- Applicable SWIFT code(s) and intermediary financial institution (see below for additional details)
If the account, name or address listed on the incoming wire transfer does not match exactly to your FirstOntario Credit Union profile, funds may be returned to the sender.
Once a wire payment has been sent from another financial institution, it takes three to five business days until FirstOntario Credit Union receives the funds. Timing depends on the currency sent, where the sending financial institution is geographically located, and how many intermediary banks the sending financial institution needed to use for the transfer.
In addition, you will need to provide the sender with the following information including our U.S. correspondent/intermediary bank:
|PAY DIRECT TO
||New York, USA
||Central 1 Credit Union
|Citibank Account No.
If you hold a U.S. dollar account with FirstOntario Credit Union, ensure you provide the correct account for the currency you wish to receive. If FirstOntario Credit Union receives the wire payment in a currency that is different from the currency of your deposit account listed on the wire payment, the funds will be converted to the currency of your account.
Please note there may be additional foreign exchange fees. For rates and fees, please refer to the personal banking fees page.