Wire Transfer

You notify Compass of the individuals who are authorized to initiate wire transfers on behalf of your company and complete the necessary agreements.
Each of your company's authorized wire users is issued a personal identification number (PIN).
If you decide to initiate wires online via Compass e-Access^®, each authorized wire user is provided with an RSA SecurID^® token.
You obtain wire transfer instructions from your vendor, customer, or receiving financial institution.
Your authorized wire users forward wire transfer requests to Compass via fax, telephone or online via Compass e-Access.
PINs are used to verify the identity of the authorized wire users initiating wire transfer requests via fax or telephone.
RSA Secure ID tokens must be used to initiate online wire transfer requests via Compass e-Access.
Automatic confirmations are available via email, fax, or online via Compass e-Access.

You provide your account information and wiring instructions to the individual who is sending you the funds.
Compass credits the wire to your checking account upon receipt.
You can obtain information about incoming wires via Compass e-Access, fax, or email.

Drawdown requests are instructions you initiate to transfer funds from your company's or another party's account at a different bank.
Drawdown wire transfer requests may be initiated via fax, telephone, or online via Compass e-Access to quickly and easily concentrate funds at Compass.
With proper authorization on file at the receiving bank, the funds are transferred to your account at Compass via incoming wire transfer.
Received funds are available immediately.