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Wire Transfers

FHLBank Topeka’s wire transfer services feature a direct computer interface with the Federal Reserve Bank of Kansas City and sophisticated control systems to expedite and secure your transactions.

FEATURES AND BENEFITS

  • Third-party, settlement, foreign and repetitive wires offered
  • Secure transactions through recorded phone lines, PINs for all authorized users and call backs
  • Settlement for ACH, clearings, correspondent transactions, ATM and credit cards
  • Historical information on wires in compliance with the Bank Secrecy Act
  • Compliance with AML and OFAC requirements
  • Manage cash flow with timely incoming and outgoing wire transfer online reports updated every 30 minutes
 

FAQs

HOW LATE CAN I WIRE FUNDS?
Incoming wires should be received by FHLBank by 4:30 p.m. CT or will be subject to a late fee.

Cutoffs for outgoing wires are as follows: 

  • Foreign wires:  4:30 p.m. CT  (Please note: when initiating foreign wires, members must provide the U.S. correspondent bank.)
  • Third-party wires:  5 p.m. CT
  • Outgoing settlement wires: 5:30 p.m. CT
     

WHAT ARE FHLBANK’S WIRE VERIFY CALLBACK RULES?
FHLBank will call your institution for a second verification on all non-repetitive wires and on repetitive wires over $500,000.

WHAT ARE REPETITIVE WIRES?
Repetitive wire transfers are transfers of funds that are moved frequently between two specific accounts. For these types of wire transfers, a template containing predefined information that cannot be altered, can be created. Once established, only the dollar amount of the funds transferred may change. A repetitive wire template can lessen risk of error and create an ease of use and convenience when funds are moved regularly between two accounts.
 
HOW WILL I KNOW IF A WIRE WAS SENT OR RECEIVED FROM/TO MY FHLBANK ACCOUNT?
All wire detail, including reference number, originator, beneficiary information and amount of transaction is available on Members Only within minutes of the wire processing. Go to the Reports section and click on WIR: Wire Activity Report. The information is available on Members Only for a rolling six-day period.

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