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"Tackling new projects takes a lot of time and effort. But with cbanc, this is a solution that gives me real work savings. Using the cbanc Network doesn't take up my time, it gives me my time back."

Rich Moldenhauer
Flagship Bank Minnesota

 
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58 Documents 27 Answers 26 Exam Watches 2 Vendor Reviews
 
Wire Transfer Policy
Contributed by:Manager‚ Marketing
Asset size: Bank with between $250m - $500m
Location: Midwest
Description: This is a sample Wire Transfer Policy, including domestic incoming and outgoing, and foreign incoming and outgoing.
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MORE PEER CONTRIBUTED DOCUMENTS:
Wire Transfer Policy & Procedures
Contributed by:AVP‚ Audit
Asset size: Bank with between $250m - $500m
Location: Southeast
Description: This Wire Transfer Policy specifies bank policy & procedures to ensure that proper controls are in place in order to mitigate risks associated with the wire transfer function. This document details authorizations, guidelines when receiving wire transfer requests, required information & retention, as well as procedures for incoming and outgoing wire transfer requests. You may also be interested in our Outgoing Wire Transfer Request Form and Wire Transfer Agreement documents.
Wire Transfer Policy
Contributed by:COO‚ Back Office/Deposit Operations
Asset size: Bank with under $250m
Location: West
Description: Wire Transfer Board approved policy.
Wire Transfer Policy
Contributed by:Manager‚ Technology
Asset size: Bank with between $500m - $1b
Location: Southeast
Description: Peoples Bank policy is to ensure consistent Wire Transfer procedures throughout the bank and ensure the following objectives: • Maximize customer convenience and service • Maximize employee efficiency • Minimize risks • Minimize processing costs
SEE ALL 58 DOCUMENTS >>


RELATED QUESTIONS AND ANSWERS:
Q
Wire Transfer Policy & Risk Assessments
Asked by: Back Office/Deposit Operations
Asset size: Bank with under $250m
Location:FL

I am interested in hearing from my peers regarding how robust is their Wire Transfer Policy? Have you included any language regarding the FCPA (Foreign Corrupt Practices Act)

If so I may be interested in purchasing a Wire Transfer Policy that includes this feature as well as any Wire Transfer Risk Assessment.
A
Answered by:Manager, ‚ Back Office/Deposit Operations
Asset size: Bank with between $500m - $1b
Location: FL

I would add language in your wire agreement and on wire form to indicate the client's com...
Q
Wire Transfers and PIN numbers
Asked by: Manager,‚ Back Office/Deposit Operations
Asset size: Credit Union with between $250m - $500m
Location:IN

Do you utilize a Funds Transfer Agreement Form that is initially established by the customer prior to requesting a wire transfer? This form would include a PIN number or Password that would be used in the callback and verification process prior to sending the wire out. Have you found this to be helpful in the authentication process?

A
Answered by:VP, ‚ Audit
Asset size: Credit Union with under $250m
Location: AL

Our Wire Transfer policy requires a "Wire/Funds Transfer Payment Order" to be completed a...
SEE ALL 27 ANSWERS >>


RELATED EXAM EXPERIENCES:
FDIC - IT | February 2012
exam experience posted by a Compliance/BSA/Legal from member with under $250m in assets
They did not ask any questions that caught me off guard
OCC - BSA/AML | October 2011
exam experience posted by a COO‚ Compliance/BSA/Legal from member with under $250m in assets
How are you identifying NAICS codes for your RDC customers and whether or not they are in an approved industry
State Regulatory - BSA/AML | May 2012
exam experience posted by a Compliance/BSA/Legal from member with under $250m in assets
None, really. Pretty much down the examination checklist

SEE ALL 26 EXAM WATCHES >>
RELATED VENDOR REVIEWS:
WatchDOG Wire
ATTUS Technologies
GlobalPay (International Wires)
Travelex Worldwide Money

SEE ALL 2 Vendor Reviews >>
 
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