Florence Bank Business Online Banking

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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.