Wire transfers allow you to send or receive money from anywhere in the world through an electronic transfer of funds. Both individuals and businesses can send a wire transfer and funds are available the same day if sent from a domestic bank.
During wire transfer, different currencies can be accepted and are exchanged on your behalf at the time of deposit. Because a wire transfer is an electronic transfer of funds, funds sent are considered “collected” and are available immediately upon receipt.
Can I send and receive wire transfers for my business?
We are dedicated to helping your business run smoothly and efficiently. That's why we offer a variety of ways for your business to send and receive wire transfers including:
How do I receive a wire transfer?
To receive a domestic wire transfer, provide the sender’s financial institution with the following information:
- Your name
- Your account number
- Merchants Bank’s routing number: 091900193
- Merchants Bank’s wire processing address:
Merchants Bank, NA
102 East Third Street
Winona, MN 55987
- Merchants Bank’s phone number: (800) 944-6285
To receive an international wire transfer, provide all of the information requested above, plus the Merchants Bank SWIFT Code: MENTUS44.
How do I send a wire transfer personally?
You can send a wire transfer by coming to the bank in person or calling us on the phone at (507) 457-1170. A wire transfer agreement must be filled out in order to complete a transfer. An agreement can be obtained from our Wires Department.