Ohio Bank Business Wire Transfers: Fees, Processing Times & How They Work

Chances are you’ll need to send or receive a wire transfer at some point, especially if you own a business. Ohio bank business wire transfers are a fast and secure way to move money, and most banks in Ohio offer this service with options tailored to business needs.

But the process can feel a bit confusing if you haven’t done it before. It’s important to know what information you’ll need to understand the fees and timeframes, as it helps to get familiar with how wire transfers work.

In this article, we’ll break down what you should know when using an Ohio bank for your business wire transfers, so you can move money confidently and keep business operations running smoothly.

Banks In Ohio and Transfer Options Between Them

Sending money between banks in Ohio is easy if you understand each bank’s transfer options. Some offer same-day wires, while others support only ACH or internal transfers. Business accounts may unlock more features. Comparing services like online, mobile, and in-branch access can help. Below is a quick look at popular Ohio banks and their transfer capabilities.

Most of the banks listed provide full wire transfer options for both domestic and international needs, along with standard ACH and internal transfer capabilities. While some banks like Premier Bank may have more limited international services, they still support the key functions most businesses rely on day-to-day, such as ACH and Internal Transfers. The presence of online and mobile access across the board also means businesses have flexible ways to initiate transfers remotely.

It’s important to note that the details may vary slightly depending on your specific account type or business size, so it’s always a good idea to speak with a banker about which features are available to you.

How Do Ohio Bank Business Wire Transfers Work?

Ohio Bank Business wire transfers are easy and secure when sending funds electronically. Once the bank processes the request, the funds are sent to the recipient’s bank, often on the same business day.

Most Ohio banks provide both domestic and international wire services, with varying cutoff times for same-day delivery. You’ll usually need to be set up with business banking services first, especially for recurring transfers. Ohio banks like Huntington and Premier Bank provide fast wire transfer platforms that integrate with other treasury management tools, so your business stays on top of cash flow and payment schedules.³

What Information Do You Need to Send an Ohio Bank Business Wire Transfer?

Before sending a wire transfer through Ohio Bank, make sure you have all the correct information ready. The required details vary slightly between domestic and international transfers. Here's what you’ll typically need:

For Domestic Wire Transfers:

• Recipient’s full name
• Recipient’s bank name
• Bank routing number (ABA)
• Recipient’s bank account number
• Transfer amount
• Date of the transfer
• Purpose of the transfer (sometimes optional)

For International Wire Transfers:

• Recipient’s full name
• Recipient’s bank name and address
• Recipient’s bank account number or IBAN
• SWIFT/BIC code
• Currency to be sent
• Recipient’s country
• Purpose of the payment (often required)
• Intermediary bank details (if applicable)

Tip: We recommend double-checking all information before submitting. A small mistake, like a wrong digit in the account number, can delay or misdirect the transfer. Many banks, such as MidWestOne⁴ and Premier Bank,⁵ allow you to save recipient templates so you can avoid errors and save time.

Ohio Bank Business Wire Transfer Fees and Processing Times

When sending a business wire transfer through Ohio Bank or other regional banks, it’s important to understand both the cost and how long it will take for your funds to arrive. Wire transfer fees can vary depending on whether the transfer is domestic or international, and processing times often depend on what time of day you submit the request.³ Some banks charge flat rates, while others adjust fees based on your account type or transaction volume.⁴ To help you compare, the chart below outlines typical wire transfer fees and processing timelines from Ohio Bank and several other Ohio-based institutions.⁶

As the table shows, most Ohio-based banks offer same-day domestic wire processing as long as transfers are submitted before the bank’s cutoff time.³ Fees for domestic wires typically range from $15 to $30, while international transfers tend to cost more, often between $40 and $60.⁴

Exact pricing may vary by account, but the differences across these banks are relatively minimal.⁶

Wise Business Could Help Your Company Save on Global Payments

Final Thoughts

If you’re a business owner banking with an Ohio Bank, wire transfers can be one of the most efficient ways to move money quickly and securely. Domestic transfers are often processed the same day if submitted before the bank’s cutoff time, usually mid-afternoon.³ For international transfers, you’ll need a bit more information, like a SWIFT code, and the funds typically arrive within 1 to 3 business days.⁵

It’s important to note that fees do apply; they’re comparable to what most regional banks charge,⁶ and Ohio Bank’s team can walk you through the process if you're new to it. If you regularly move large sums or time-sensitive payments, wire transfers through an Ohio Bank are a dependable option that gives you peace of mind while keeping your business running smoothly.

Save Time and Money On Overseas Payments With Wise Business

Wise Business can help you save big time on international payments.

Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies.

Signing up to Wise Business allows access to BatchTransfer which you can use to pay up to 1000 invoices in one go. This is perfect for small businesses that are managing a global team, saving a ton of time and hassle when making payments.

Some key features of Wise Business include:

• Mid-market rate: Get the mid-market exchange rate with no hidden fees on international transfers

• Global Account: Send money to countries and hold multiple currencies, all in one place. You can also get major currency account details for a one-off fee to receive overseas payments like a local

• Access to BatchTransfer: Pay up to 1000 invoices in one click. Save time, money, and stress when you make 1000 payments in one click with BatchTransfer payments. Access to BatchTransfer is free with a Wise Business account

• Auto-conversions: Don't like the current currency exchange rate? Set your desired rate, and Wise sends the transfer the moment the rate is met

• Free invoicing tool: Generate and send professional invoices

• No minimum balance requirements or monthly fees: US-based businesses can open an account for free. Learn more about fees here

Use Wise Business >>

Sources:

1. Ohio Bank – Business Banking Services
2. Wire Transfer Services | Huntington Bank
3. Manage Accounts Payable | Premier Bank
4. Business Wire Transfer Services | MidWest One Bank
5. Wire Transfers | GE Credit Union
6. Wire Transfer Services | Signature Bank