Wire Transfers
Send funds quickly and securely, from Alabama to Western Sahara.
Send a wire transfer easily
Here's what you need to know:
Domestic Wires
- Routing or ABA number for the receiving financial institution
- Account number for beneficiary
- Account name for beneficiary
- Address of beneficiary (recommended, but not required)
- Any reference information requested by the recipient
International Wires
- SWIFT or BIC for the receiving financial institution
- Account number for beneficiary – depending on the country this may be called an IBAN, CLABE, etc.
- Account name for beneficiary
- Account address for beneficiary – physical address not PO Box
- Specific Purpose of the wire
- Any reference information requested by the recipient
- There may be additional country specific requirements
- Additional international funds transfer options available via Remitly.
Get Started
Send money domestically or internationally today
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Certain restrictions apply. Remitly is a third-party preferred partner for international money movement. Redwood Credit Union (RCU) has no control over Remitly’s website or any results that may be obtained from using their service. Redwood Credit Union disclaims all responsibility and liability for any damages or other harm, whether to you or to third parties, resulting from your use of Remitly’s service. Remitly services are only available through personal accounts, business accounts are excluded from use of this service. Any questions or complaints about Remitly’s service should be directed to Remitly.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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