FAQs
What is a wire transfer?
A wire transfer is an electronic payment between financial institutions to the account of a specified beneficiary
What are the types of wire transfers and how long do they take?
Domestic (within the United States) typically takes 1 day
International 2-5 days depending on the country
What is the cut off time to send or receive a wire transfer at Coastal States Bank?
Domestic Wires 5:00 pm EST
International Wires 4:00 pm EST
How much does it cost to send or receive a wire transfer?
What information will I need to send a wire transfer?
- Name and address of the beneficiary
- Name of the beneficiary bank
- The ABA/Routing number for Domestic Wires or BIC/SWIFT Code for International Wires
- Beneficiary account number
- Purpose of Payment
For wires sent internationally you might also need:
International Bank Account Number (IBAN) or
Any International/Foreign Bank Reference Codes (ie. Sort Code, IRC, IFSC Code, CLABE, etc.)
What information will I need to receive a wire transfer?
- Your full Coastal States Bank account number
- The name on the account as it appears on your statement
- Your address listed on your statement
- Beneficiary account number
- Bank name: Coastal States Bank
For domestic wires:
Bank address: 5 Bow Circle, Hilton Head Island, SC 29928
Wire routing number: 053208105
For international wires:
If the sending bank has a US Correspondent Bank, use domestic wire instructions
If the sending bank does not have a US Correspondent bank, wire to: TIB The Independent Banks Bank
11701 Luna Road, Famers Branch, TX 75234
SWIFT CODE: TIBBUS44
ABA Number: 111010170
For Credit to: Coastal States Bank; 5 Bow Circle, Hilton Head Island, SC 29928, Account #: 53208105
Account Number
Account Name
Account Address
Is there a way to verify that the account and routing numbers are valid when sending a wire transfer?
All wiring instructions should be verified and confirmed by the beneficiary of the funds before processing a wire
Wire transfers cannot be canceled or revoked, so providing accurate information is essential. In addition, scammers may request money through a wire transfer. A scammer may pose as a family member or vendor and may stress the urgency of the request. It is important to be diligent and verify the authenticity of any wire requests.