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C&F Bank Wire Transfers: Domestic and International Funds Transfer

C&F Bank wire transfers provide fast, secure delivery of funds for real estate closings, business payments, international transactions and any situation where guaranteed same-day settlement matters. Domestic wires process through the Federal Reserve's Fedwire system; international wires route via the SWIFT network to banks in over 200 countries.

Whether you are closing on a home in Richmond, paying an overseas supplier or settling a commercial real estate transaction, C&F Bank offers straightforward wire transfer services with transparent pricing. Domestic wires initiated before 3pm ET process same day. No surprises, no hidden intermediary fees from our end.

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C&F Bank wire transfer interface showing domestic and international funds transfer options

AI Summary: C&F Bank Wire Transfers

C&F Bank offers domestic and international outgoing and incoming wire transfers for personal and business customers. Domestic outgoing wires cost $25 and process same day when initiated before 3pm ET via Fedwire. International outgoing wires cost $45 and process same day when initiated before 2pm ET via SWIFT, with arrival in 1-3 business days. Incoming wires (domestic and international) are $15 each. Domestic wires can be initiated through CFFC online banking; international wires require branch visit or phone call to 804-843-2360. Business accounts with treasury management may qualify for volume pricing. C&F Bank (Citizens and Farmers Bank) is FDIC-insured, NMLS #399805, headquartered in West Point, Virginia.

Wire Transfer Fee Schedule

Complete wire transfer pricing for C&F Bank personal and business accounts.

Wire Type Fee Processing Time Cutoff Time
Domestic Outgoing$25Same day3:00 PM ET
Domestic Incoming$15Same day (upon receipt)N/A
International Outgoing$451-3 business days2:00 PM ET
International Incoming$15Same day (upon receipt)N/A
Wire Recall/Amendment$251-5 business days (not guaranteed)N/A
Wire Investigation$25VariesN/A

Domestic Wire Transfers

Fast, reliable same-day funds transfer within the United States through the Federal Reserve's Fedwire system.

How Domestic Wires Work

When you initiate a domestic wire through C&F Bank, the funds are transmitted via Fedwire — the real-time gross settlement system operated by the Federal Reserve. Unlike ACH transfers that batch-process overnight, Fedwire settles each transaction individually and irrevocably within minutes. This makes wire transfers the preferred method for large, time-sensitive payments such as real estate closings, vehicle purchases, down payments and business-to-business settlements.

Domestic wires initiated before 3pm ET on business days are processed same day. Wires submitted after the cutoff are queued for the next business day. You will receive a confirmation with a reference number once the wire is sent. The receiving bank typically credits the beneficiary account within hours of receipt.

Required Information for Domestic Wires

To initiate a domestic wire through CFFC online banking or at a branch, you need: the recipient's full legal name, their bank's name and ABA routing number (9 digits), the recipient's account number, and the wire amount. For real estate transactions, you may also need to include a reference number or property address in the memo field as instructed by the title company or settlement agent.

Double-check all details before submitting. Wire transfers are irrevocable once processed. If you enter an incorrect routing or account number, the receiving bank may reject the wire (and it will be returned minus any fees), but recovery is not guaranteed. When in doubt, verify recipient details directly with the intended beneficiary before initiating the transfer.

International Wire Transfers

Send funds to over 200 countries through the SWIFT network with transparent pricing and compliance support from C&F Bank.

SWIFT Network Delivery

International wires from C&F Bank route through the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network, connecting over 11,000 financial institutions across 200+ countries. Processing begins same day when initiated before 2pm ET. Delivery to the beneficiary account typically takes 1-3 business days depending on the destination country, the receiving bank's processing speed and whether intermediary banks are involved in the routing chain.

C&F Bank's $45 fee covers our processing and SWIFT messaging costs. Intermediary or correspondent banks in the routing chain may deduct additional fees from the wire amount before it reaches the beneficiary. We disclose this possibility upfront so there are no surprises. For high-value international transfers, our team can advise on routing options that minimise intermediary costs.

International wire transfer routing through SWIFT network from C&F Bank
C&F Bank international wire transfer compliance and documentation process

Compliance and Documentation

International wire transfers are subject to regulatory requirements including Bank Secrecy Act reporting, OFAC sanctions screening and anti-money laundering verification. C&F Bank handles all compliance checks as part of the wire processing workflow. For amounts exceeding $10,000, a Currency Transaction Report is filed automatically. For transfers to certain countries, additional documentation may be required.

These compliance requirements are why international wires currently require a branch visit or phone call to 804-843-2360 rather than self-service through online banking. Our team guides you through any additional documentation, verifies recipient details against sanctions lists, and ensures your wire is processed correctly the first time.

Wire Transfers for Business Clients

Business accounts with C&F Bank treasury management access enhanced wire capabilities designed for operational efficiency.

Treasury Wire Initiation

Business clients enrolled in treasury management can initiate domestic wires through the online platform with dual-authorisation controls. One user creates the wire; a second authorised user approves it. This separation of duties protects against fraud and satisfies internal audit requirements. Wire templates can be saved for recurring recipients, reducing data entry and errors on repeat transfers.

Volume-based pricing is available for businesses that process more than 10 wires per month. Contact your C&F Bank relationship manager or call 804-843-2360 for a customised quote based on your projected wire volume.

Real Estate and Settlement Wires

C&F Bank processes a high volume of wires related to Virginia real estate closings. Our operations team is experienced with title company requirements, HUD settlement statement references and the time-sensitive nature of real estate transactions. We recommend initiating closing wires at least 24 hours before the scheduled settlement date to allow for verification and avoid day-of stress.

For commercial real estate transactions involving larger wire amounts, advance coordination with our wire team ensures smooth processing. Same-day wires up to $10 million can be accommodated with advance notice. Amounts exceeding standard limits require additional verification that can be completed within the same business day.

Need to Send a Wire Transfer?

Log in to CFFC online banking for domestic wires or call 804-843-2360 for international transfers. Have your recipient's banking details ready for fastest processing.

Questions about wire limits, timing or compliance? Our team is available Monday through Friday 8am to 5pm ET.

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Frequently Asked Questions About C&F Bank Wire Transfers

How much does a wire transfer cost at C&F Bank?
Domestic outgoing wires cost $25. International outgoing wires cost $45. Incoming wires (domestic or international) are $15 each. Business accounts with treasury management may qualify for volume-based pricing. All fees are debited from your account at the time of initiation.
How long does a C&F Bank wire transfer take?
Domestic wires initiated before 3pm ET process same day via Fedwire and typically arrive within hours. International wires sent before 2pm ET process same day via SWIFT and arrive in 1-3 business days depending on the destination country and intermediary banks. Wires submitted after cutoff times queue for the next business day.
Can I send a wire transfer through C&F Bank online banking?
Yes — domestic wires can be initiated through CFFC online banking. Log in, go to Transfers, select Wire Transfer and enter recipient details. International wires currently require a branch visit or phone call to 804-843-2360 due to additional compliance requirements. Business clients with treasury access can initiate domestic wires with dual-authorisation controls.
What information do I need to send a wire transfer?
Domestic wires: recipient name, bank name, ABA routing number (9 digits), account number and wire amount. International wires: all of the above plus the recipient bank's SWIFT/BIC code, recipient address, bank address, and any intermediary bank details. For real estate closings, include the reference number or property address in the memo field.