Consumer Wire Transfers

  1. What is a wire transfer?

    Wire transfers are a method of electronic funds transfer, from one person or entity to another.

  2. How do I request a domestic or foreign wire transfer?

    Domestic or foreign requests are processed at any ESSA Bank & Trust branch location.

  3. Can someone wire funds to my account at ESSA Bank & Trust?

    Yes, someone with your account information can wire funds directly to your ESSA Bank & Trust account.  You will need to provide your account number and routing number. 

  4. Are there fees for domestic and foreign wire transfers?

    Fees will apply.  You will be able to review any fees and limits before completing your wire.

  5. What is a SWIFT Code?

    This is a unique identification code issued by the Society for Worldwide Interbank Financial Telecommunications (SWIFT), used for foreign wires.

  6. What is an IBAN number?

    It is the international standard for identifying foreign bank accounts across national borders (International Bank Account Number).  At present, the United States does not participate in IBAN.  However, when sending wire transfers to countries that use IBAN numbers, we recommend including those numbers in your wire transfer documentation.  IBAN numbers are alphanumeric ranging from fifteen (15) to thirty-one (31) characters in length.

  7. How long does a foreign wire transfer take?

    The beneficiary’s bank will generally receive the funds within 1 to 2 business days and normally credit the account within 2 business days after receipt.  There are a number of factors which could delay the credit to the beneficiary (e.g. delays by an intermediary bank or other local conditions). 

    Note: Some countries have been designated as slow-to-pay countries.  Transfers made to or from a slow-to-pay country may experience delays in crediting the beneficiary’s account.  Therefore, we recommend allowing 10 business days for funds to be paid to a foreign recipient.

  8. What do I do if there’s a problem with my Foreign Wire Transfer?

    Contact us at 800-439-0715.

    You can also write to us at:
    ESSA Bank & Trust
    ATTN: Wire Transfer Department
    200 Palmer Street
    Stroudsburg PA 18360

    For foreign wires initiated by a consumer, primarily for personal, family, or household purposes, you must contact us within 180 days of the date we indicated to you that funds would be made available to the recipient.

  9. How do I cancel a foreign wiretransfer?

    You can cancel the transfer by going to the nearest branch or calling us at 800-439-0715. Foreign wire transfers may be cancelled within 30 minutes of initiation.

    Note:  Consumers may receive a refund within 3 business day provided the funds have not already been picked or deposited into the beneficiary’s account.