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This document provides a template for the Wire Transfer Authorization process at the University of Missouri. It outlines the necessary information and requirements for international wire transfers, including currency types, financial institution details, and necessary codes such as IBAN and CLABE.
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How to fill out wire transfer authorization

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How to fill out wire transfer authorization

01
Gather the required information: recipient's name, bank account number, bank routing number, and the amount to be transferred.
02
Obtain a wire transfer authorization form from your bank or financial institution.
03
Fill in your personal details such as your name, account number, and contact information.
04
Input the recipient's information accurately, including their bank name and address, account number, and the amount.
05
Specify the purpose of the wire transfer if required by your bank.
06
Review all information for accuracy before signing the authorization form.
07
Submit the completed form to your bank, either in person or electronically, as per your institution's guidelines.

Who needs wire transfer authorization?

01
Individuals who wish to transfer funds to another bank account.
02
Businesses that need to make payments or send funds to vendors or clients.
03
Anyone involved in real estate transactions requiring earnest money deposits.
04
People sending money internationally who need to authorize the transfer.
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Wire transfer authorization is a formal approval given by an individual or organization to their bank or financial institution, allowing for the electronic transfer of funds from one account to another.
Individuals and organizations that wish to initiate a wire transfer of funds are required to file wire transfer authorization with their bank or financial institution.
To fill out wire transfer authorization, one must provide their banking details, the recipient's banking information, the amount to be transferred, the purpose of the transfer, and sign the authorization form.
The purpose of wire transfer authorization is to provide the necessary consent for the bank to process the transfer of funds, ensuring that all transactions are legitimate and authorized by the account holder.
The information that must be reported on wire transfer authorization includes the sender's and recipient's names, account numbers, bank details, transfer amount, date of transfer, and a signature.
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