Somerset Trust Company Online Banking Guide for Businesses

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Business Wires New Domestic Wire

You can draft or create a new domestic wire. Domestic wires allow you to send funds to any recipient in your country. Make sure you all have the necessary account and contact information before you continue.

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In the Business Tools tab, click BusinessWires . 1. Select a payee and if necessary a payee account. A payee may have more than one account depending on the number of wire payment methods that have been established. 2. Use the drop-down to select a funding account. 3. (Optional) Click the “Show Limits” link to show max limits. 4. Enter an amount. 5. Enter a send on date. 6. (Optional) Enter an originator to beneficiary info (OBI). OBI information often includes invoice or transaction details that need to be communicated to the beneficiary. The beneficiary FI is the final bank that receives the funds. 7. Click the Confirm Payment button.

Business Wires: New Domestic Wire