The Convenience and Efficiency of Online Wire Transfers
By Roosevelt TaittEnjoy the Efficiency of Online Wire Transfers

It is a known fact that the internet brought great efficiencies and changed the way we interact with each other and do business. It is estimated that in 2009 there were 9.2 million internet users.   By fully embracing technology and the internet, many companies have unleashed their creativity and innovativeness.

Banks in the 21st Century are also embracing the internet and the technology; fueling it to create and deliver innovative products and services. From basic to complex needs are now being satisfied with many electronic and online banking solutions such as Mobile Banking, Internet Banking and the topic of this article, Online Wire Transfers.

Does sending Wires require you to be out of office too long?

We appreciate that preparing the documentation required to send off wire transfers can be very time consuming.  There is also the challenge of obtaining the appropriate approvals from Directors who may often be away on business travel.  This process is then followed by a visit to the branch where the designated Officer waits for the Teller to complete the transaction.

This process reduces the amount of time that can be spent on activities which generate business for the company.  While some clients may have created a template, the act of going to the branch is still a reality.

The Solution

In 2005 FirstCaribbean introduced Online Wire Transfers. This service allows companies to initiate wire transfers any time of day without leaving their office. Even if Directors are traveling they still have the flexibility to approve wire transfers without causing any delays.

The beneficiary maintenance feature allows customers to create and store the wire details of their suppliers. As a result, wires can then be sent repeatedly with very little additional input! It’s that simple.

To view our Bill Payment Guide, click here

Security controls can also be set to ensure that all levels of approvals, which are required, are adequately maintained. User rules can be applied based on your bank mandates. All wire details are maintained, which allows clients to recover this information easily and without delay.

Interested? Let FirstCaribbean help you

Our trained Sales team stands ready to fully explain the features and benefits of this innovative solution and to help you complete all the steps needed to enjoy this great and efficient service.

Our dedicated Implementation Team will work closely with you, even at your office to set up your Online Wire Transfers feature and to ensure all your security control requirements are in place.

There are several ways to let us know you are interested. Click here to send us an email expressing your interest and we’ll get in contact with you. Alternatively, please feel free to contact your Corporate Manager or any of our Transaction Banking Sales Officers at the contact numbers listed below for further details. 

There is only one pre-requisite, your business must be a registered FirstCaribbean Internet Banking Corporate user.  Not registered, click here for more details.

Transaction Banking Contact Details

back to top | main

FirstCaribbean International Bank is a member of the CIBC Group.
The CIBC logo is a trademark of Canadian Imperial Bank of Commerce, used by FirstCaribbean International Bank under license.