Important Updates Coming to Wire Transfer System
The financial services industry is undergoing a significant transformation with the adoption of the ISO20022 messaging standard, scheduled to launch in the United States on Monday, July 14, 2025. This global initiative represents a major advancement in how financial institutions communicate, delivering improved data quality and operational efficiency across international banking networks.
What This Means for You
As we implement these comprehensive system updates, you may experience brief, temporary delays in transaction processing around the transition date. We're working diligently to minimize any disruption to your banking experience. Please be aware our wire system will be down from Friday, July 11th at 4 pm until Monday, July 14th at 8 am. Please do not input any wire information into the system after 4:00 PM Friday, July 11, 2025, as the information will not be carried over to the new format.
Action Required: Wire Transfer Templates
Important: Wire transfer templates from our current system cannot be migrated to the new platform. To preserve your existing templates:
- Print copies of all templates you wish to retain
- Save digital copies for your records
- Complete this action before the migration date
What's Changing:
The terminology will be updated to reflect the ISO 20022 format. The table below shows the current terminology and its corresponding new terminology.
*Additional address fields available for Creditor Account Address in ISO include: Post Box, Department, Sub Department, Building Name, Floor, Room, Town Location Name, and District Name.
Our Commitment
We're dedicated to ensuring this transition is as smooth as possible. Our team is actively preparing for this industry-wide change and will continue to provide updates as we approach the implementation date.
For questions or assistance with preparing for this transition, please contact our support team at 603-310-7600.