Wire Transfer Initiation

Repetitive Wire Transfers
Repetitive wire transfers are used when funds are regularly moved between two specific accounts. Repetitive wire transfers consist of predefined information that requires you to change only the dollar amount being sent. The initial data is entered once and the predefined data is given a repeat code so that it can be accessed on a repetitive basis without having to re-enter it.

To set up repetitive wires, fax the delivery instructions to the wire department at 515.281.1072. The dollar amount of a repetitive wire may change each time you initiate the item, but all other information must be constant. An individual on your Wire Transfer Signature Card must sign the fax.

Non-Repetitive Wire Transfers
Non-Repetitive wire transfers are done on a one-time basis and require you to complete all parts of the wire transfer.

Notification and Verification
You may receive a telephone notification or a fax confirmation of all incoming wire transfers to your account. If we are unable to communicate with you personally, we reserve the right to leave voicemail messages.

All non-repetitive outgoing wire transfers must be verified by an authorized employee of your institution prior to the release of funds by FHLB Des Moines.

Future Dated Transfers/Cancellations
Future dated wire transfers can be postdated to occur some time in the future, up to 10 business days. If the date has not yet occurred, you can cancel the transaction before it is transmitted.

Wire Transfer Authorization Changes
If you need to add or delete a person on your Authorized Personnel Form, contact the bank at 800.544.3452, ext. 5414 or email the Wire Transfer Department.