Florence Bank Business Online Banking

Wires – Overview With Online Cash Management you can send both domestic and USD international wires. Create and store Beneficiary details for recurring wires or use the One Time/Freeform function for a one-off wire transfer. Wires can be scheduled for the current day or a date in the future. The next pages cover:

> Beneficiaries > Single Wire > Multiple Wires > One-Time/Freeform Wire > Approve/Activity

At the Company’s option, wire transfers may be sent on the authority of a single User or require dual control where one User initiates the wire and a second User approves it. Wires initiated under a single User’s authority will be processed immediately — no approval is required. If the wire requires dual control or it exceeds the User’s transaction and/or daily limits, it is given a status of Pending. A User with approval authority must then approve the wire under the Approve/Activity function.

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