Key Words
- Domestic Wire – Wire sent to another financial institution within the United States
- International Wire – Wire sent to another financial institution outside of the United States
- Outgoing Wire – Wire sent from Teachers to another financial institution
- Incoming Wire – Wire sent from another financial institution to Teachers
- Receiving Financial Institution – Credit Union, bank or financial institution where the money is going
- Beneficiary – The person or entity receiving the funds
- Intermediary Bank – Financial institution between the issuing bank and the beneficiary bank (REQUIRED if the beneficiary’s account is NOT at the bank previously listed and for most international wire transfer requests)
- Swift Code – An international bank code that identifies particular financial institutions worldwide
- IBAN – International Bank Account Number: a unique number used to identify a bank account. Financial Institutions in the U.S. do not use IBANs.
Domestic Wire Transfers
Domestic Wire Required Information
Outgoing Domestic Wires can only be requested by visiting a Teachers' Branch. You may also set up a recurring wire agreement at your local branch.
Required Information for Outgoing Domestic Wire:
- Receiving Financial Institution Name
- Receiving Financial Institution Address
- Receiving Financial Institution ABA/routing number
- Beneficiary Name (as it appears on the account)
- Beneficiary Account Number
- Beneficiary Address
Incoming Domestic Wires
Information to provide sender to receive funds at Teachers:
- Financial Institution Name: Teachers Federal Credit Union
- Financial Institution Address: 102 Motor Parkway Hauppauge, NY 11788
- ABA/routing number: 221475786
- Name: Member Name (as it appears on the account) ***
- Account Number: Full Account Number (*not Member Number)
- Address: Member Address
***Please note: Any incoming wire received with “Teachers FCU” as “Beneficiary Name,” will be returned. “Beneficiary Name” should match the name on the receiving account***
International Wire Tranfers
International Wire Required Information
Outgoing International Wires can only be requested by visiting a Teachers' Branch Monday-Friday, prior to 3:00 PM EST. You may also set up a recurring wire agreement at your local branch.
Required Information for an Outgoing International Wire Transfer:
- Purpose of the wire
- Receiving Financial Institution Name
- Receiving International Financial Institution Swift Code
- Financial Institution Address, Country
- Beneficiary Name (as it appears on the account)
- Beneficiary Account Number (IBANs may be required for certain receiving countries)
- Beneficiary Address, Country (PO Boxes are not allowed)
Incoming International Wires
Information to provide sender to receive funds at Teachers:
- Financial Institution Name: Teachers Federal Credit Union
- Financial Institution Address: 102 Motor Parkway Hauppauge, NY 11788
- ABA/routing number: 221475786
- Name: Member Name (as it appears on the account) ***
- Account Number: Full Account Number (*not Member Number)
- Address: Member Address
***Please note: Any incoming wire received with “Teachers FCU” as “Beneficiary Name,” will be returned. “Beneficiary Name” should match the name on the receiving account***
Note: Teachers does not have an Intermediary Bank – The originating institution will have a relationship with a bank in the United States that can be used to wire funds to Teachers.