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#1686153 - 04/05/12 04:20 PM Wire transfer limits
compnewbie Offline
Junior Member
Joined: Mar 2011
Posts: 28
When a wire amount is over the Wire Processor's set limit, how are other bank's handling this? I was told our Wire Processors have the IT Manager raise the Processor's limit to cover the wire amount so they can process it, and then the limit is immediately set back.

Any advice would be greatly appreciated

Thanks!
Last edited by compnewbie; 04/05/12 04:45 PM.
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eBanking / Technology
#1686184 - 04/05/12 04:40 PM Re: Wire transfer limits compnewbie
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
Probaby want to move this to the private forum.
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#1686281 - 04/05/12 07:44 PM Re: Wire transfer limits compnewbie
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,844
Pulling people out of the ditc...
we have individuals with escalating limits, not all wire operators have the same limit.
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#1686317 - 04/05/12 08:45 PM Re: Wire transfer limits compnewbie
compnewbie Offline
Junior Member
Joined: Mar 2011
Posts: 28
That's what I am going to recommend with my audit of this area. Thanks HappyGilmore for your response!

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#1686318 - 04/05/12 08:46 PM Re: Wire transfer limits compnewbie
Trees Offline
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Joined: Apr 2005
Posts: 4,013
Lots of checks and balances in this area, carved in stone. Set limits per people; some instances two different people.

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#1686350 - 04/05/12 10:19 PM Re: Wire transfer limits compnewbie
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,844
Pulling people out of the ditc...
no one person should have rights or authority to create, edit, and release a wire on their own. Always should require dual control.
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