How to Wire Money from Navy Federal
As a Navy Federal member, you may need to wire money to someone or pay a bill. Wiring money from Navy Federal is a straightforward process that can be completed online or through the bank’s mobile app. In this article, we’ll guide you through the step-by-step process of how to wire money from Navy Federal.
What are the Requirements?
Before you start, make sure you have the following:
- A Navy Federal Online Banking account
- Valid identification (driver’s license, state ID, or passport)
- The recipient’s name, address, and bank account information
How to Wire Money from Navy Federal Online Banking
To wire money from Navy Federal online banking:
- Log in to your Navy Federal account: Go to the Navy Federal website and log in to your online banking account using your username and password.
- Go to the "Transfers" tab: Click on the "Transfers" tab and select "Wire transfer" from the drop-down menu.
- Select the type of wire transfer: Choose the type of wire transfer you want to make:
- Domestic wire: For transfers within the US
- International wire: For transfers to international recipients
- Enter the recipient’s information: Enter the recipient’s name, address, and bank account information
- Enter the transfer amount: Enter the amount you want to wire
- Verify the information: Review and verify the recipient’s information and transfer amount
- Confirm the transaction: Confirm the transaction by clicking "Submit"
How to Wire Money from Navy Federal Mobile App
To wire money from Navy Federal mobile app:
- Open the app: Open the Navy Federal mobile app on your device
- Login to your account: Login to your Navy Federal online banking account using your username and password
- Tap on "Transfer": Tap on the "Transfer" tab and select "Wire transfer" from the drop-down menu
- Choose the type of wire transfer: Choose the type of wire transfer you want to make:
- Domestic wire: For transfers within the US
- International wire: For transfers to international recipients
- Enter the recipient’s information: Enter the recipient’s name, address, and bank account information
- Enter the transfer amount: Enter the amount you want to wire
- Verify the information: Review and verify the recipient’s information and transfer amount
- Confirm the transaction: Confirm the transaction by tapping "Submit"
Types of Wire Transfers Available
Navy Federal offers two types of wire transfers:
- Domestic wire: For transfers within the US
- International wire: For transfers to international recipients
Domestic Wire Transfer Details
- Fees: $15 for members, $20 for non-members
- Timing: Same-day or next-day processing
- Recipient’s bank: Receiver’s bank will receive the funds within 1-2 business days
International Wire Transfer Details
- Fees: $20 for members, $30 for non-members
- Timing: 2-3 business days processing
- Recipient’s bank: Receiver’s bank will receive the funds within 2-3 business days
Tips and Reminders
- Verify the recipient’s information: Make sure to verify the recipient’s name, address, and bank account information to ensure the transfer is successful.
- Check the exchange rate: For international wires, check the exchange rate to ensure you’re getting the best rate.
- Keep a record of the transfer: Keep a record of the transfer for your records, including the transfer amount, recipient’s information, and transfer details.
Conclusion
Wire transferring money from Navy Federal is a convenient and straightforward process that can be completed online or through the mobile app. By following these steps and tips, you can ensure a successful and secure wire transfer. If you have any questions or concerns, contact Navy Federal’s customer service for assistance.