800.934.9473 | Fax: 785.234.1795
How late can I wire funds?
Incoming wires should be received by FHLBank by 4:30 p.m. CT or will be subject to a late fee.
Cutoffs for outgoing wires are as follows:
- Foreign wires: 4:30 p.m. CT (Please note: when initiating foreign wires, members must provide the U.S. correspondent bank.)
- Third-party wires: 5 p.m. CT
- Outgoing settlement wires: 5:30 p.m. CT
What are FHLBank’s wire verify callback rules?
FHLBank will call your institution for a second verification on all non-repetitive wires and on repetitive wires over $500,000.
What are repetitive wires?
Repetitive wire transfers are transfers of funds that are moved frequently between two specific accounts. For these types of wire transfers, a template containing predefined information that cannot be altered can be created. Once established, only the dollar amount of the funds transferred and the reference field may change. A repetitive wire template can lessen risk of error and create an ease of use and convenience when funds are moved regularly between two accounts.
How will I know if a wire was sent or received from/to my FHLBank account?
All wire detail, including reference number, originator, beneficiary information and amount of transaction is available on Members Only within minutes of the wire processing. Go to Wires > Reports > Wire Activity Report. The information is available on Members Only for a rolling six-day period.