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How to Fund by Wire Transfer

A wire transfer from your bank to your PEX account is the fastest way to fund your PEX account. 

Wires are posted at PEX 8 AM - 5 PM ET, Monday - Friday (except on Federal Holidays).

  • Wires received after 5 PM ET will be posted to your PEX account on the next business day
  • Wire receipt times will vary, depending upon your bank's process (e.g., it may take less than 30 minutes for a wire to post, or more than 1 hour) 
  • PEX is unable to pinpoint the hour a wire will be received; however, wire transfers are posted within a few minutes of receipt

Most banks charge for this service. PEX does not charge a fee to receive a wire transfer.

Note: 

To avoid posting delays or wire returns, please review the following:

  1. PEX will post wires showing the exact business name as the PEX business account or its registered DBA
    • If PEX does not have your DBA document on file, then PEX will request it, and then PEX will post the wire to your account
  2. PEX is unable to accept wire transfers from third-party bank accounts.
  3. Third-parties are:
    • Other companies owned by the owner of your company
    • Your company's vendors or customers
    • Subsidiary or parent accounts of your company
    • Personal bank accounts
  4. Wires sent from third-parties will be returned to the sender
    • In that case, the turnaround time may exceed one hour

How to Initiate a Wire Transfer:

  1. Log into the Administrator Site
  2. Click on the “Transfers” tab
  3. Click on “Wire Instructions” in the blue bar
  4. Give your bank the information that’s listed on-screen
  5. Be sure that your bank does not send the wire with your name or an associated third party as the sender
  6. Check your Administrator Site to confirm that the wired funds are available in your PEX account

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 Click "Wire instructions" for instructions on how to wire funds to your PEX account

 

 

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