VyStar wire transfer: Fees, limits, and rates

Wire transfers are a reliable way to send money quickly and securely. For VyStar Credit Union members, understanding the specifics of wire transfer services, including fees, limits, and exchange rates, is crucial for transmitting funds as efficiently and cost-effectively as possible.

This post will unpack everything you need to know to send a VyStar Credit Union wire transfer. You’ll also learn about Wise — your international money transfer alternative. Let’s dive in!

Can I make a wire transfer with VyStar?

Yes, it’s easy to make a VyStar wire transfer. The credit union supports both incoming and outgoing wire transfers, as well as both domestic and international transactions.

As a member, you can initiate a VyStar international wire transfer to send funds to other financial institutions or receive money to your VyStar accounts.

VyStar wire transfer fees

Most credit unions and banks charge wire transfer fees. VyStar Credit Union is no exception.

Currently, incoming wire transfers are free for VyStar members. That includes both domestic and international wire transfers. However, the institution charges a 20 USD wire transfer fee for outgoing wires.¹

Outgoing wire transfer fees can range from 0 to 50 USD, making VyStar’s charges on the lower end.² However, if you make frequent wire transfers, those fees can eat away at your funds.

VyStar exchange rates

When considering international wire transfer fees, it’s important to consider exchange rates as well. When sending money overseas, your currency must be converted into the other country’s currency. Sounds simple, right? It can be if your bank offers the mid-market exchange rate.

Unfortunately, most institutions use a set day rate and then add a hidden fee on top.

Since rates fluctuate from day to day, it’s impossible to find out the current VyStar exchange rate until the day of your transfer. While you’ll have to deal with that rate no matter how you send your international transfer, the uncertainty arises due to the fee that gets tacked onto the transaction.

These fees eat away at your money and reduce the amount the other person actually receives. Luckily, there are different ways of sending money overseas that involve transparent fees and lower charges, like Wise.

Make fast, secure, and low-cost international transfers with Wise

Send money to 160+ countries with the mid-market exchange rate and low, transparent fees with Wise. Set up a free Wise account online or in the Wise app on iOS and Android, to transfer money fast in 40+ currencies.

Over 50% of Wise payments arrive instantly* — and all Wise transfers are deposited directly into your recipient's bank account for convenience.

No ongoing fees, no hidden charges and no hassle — just fast, transparent international transfers that can beat the banks.

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*Transaction speed claimed depends on funds availability, approval by Wise’s proprietary verification system and systems availability of our partners’ banking system, and may not be available for all transactions.

How to do a wire transfer with Vystar

Setting up a wire transfer with VyStar is simple if you’re already a credit union member. Here’s what you’ll need to do³:

1. Gather the necessary information: Provide the recipient’s name, address, bank name and address, account number, and SWIFT code

2. Complete the wire transfer form: Fill out VyStar’s wire transfer form

3. Submit the form: Turn in the document to a VyStar branch representative

4. Verify and confirm: The rep will carefully review the form for accuracy with you

It’s important to make sure every detail is correct. Sorting out wire transfer issues can be tedious. If you send money to the wrong person, you may not be able to get it back, especially if it was an international transfer.

Once you’ve initiated the transfer, VyStar should provide you with a tracking number.

What information do I need to make a wire transfer?

You’ll need several pieces of information to make a wire transfer, including the following:

• VyStar Credit Union routing number
• Recipient’s full name
• Recipient’s address
• Recipient’s bank name
• Recipient’s bank address
• Account number
• Routing number

💡 If you’re setting up an international wire transfer, you’ll also need a SWIFT code. This unique identifier helps the institutions involved in the transaction identify one another. These codes typically consist of 8 or 11 characters.

How long do VyStar wire transfers take?

Domestic wire transfers usually take 24 hours. International wire transfers may take between 1 and 5 business days.

If you don’t initiate the transfer before your bank’s cutoff time, that day won’t count toward the 1–5-day window.

Get started with Wise

What is the wire transfer limit for VyStar?

Technically speaking, you can send as much money as you want via a wire transfer. However, VyStar may impose limits on the amount that can be transferred via wire. These limits could vary based on your account balance and the type of account you have.

You’ll need to reach out to VyStar to determine what your wire transfer limit is, if any.

VyStar and other financial institutions are also subject to wire transfer regulations. If you send an international wire transfer over 10,000 USD, VyStar is required to report the transaction to the IRS.

VyStar Credit Union contact information

If you have additional questions about setting up a VyStar Credit Union wire transfer, contact the institution directly at 800-445-6289 or visit your local branch.

VyStar also offers online chat, which is available 7 days a week from 7 am to 7 pm, excluding holidays.¹

VyStar Credit Union offers a straightforward wire transfer service with competitive transfer fees. However, their exchange rate fees can vary.

For a fast, low-cost service that can get more of your money where you want it to go, try Wise.

Sources:

1. VyStar - Member & Account Holders Fees and Benefits
2. NerdWallet - Wire transfer fees
3. VyStar - Wire transfers