Transfers and Payments

Transfer to Another Institution

Once your non-SELCO accounts are established, you can schedule one-time and recurring transfers.

Transfer to Another Institution (Mobile)

Easily schedule one-time and recurring transfers to and from your SELCO account.

Transfer to Another Member

Transfer funds to other SELCO members immediately, down the road, or on a recurring basis.

Transfer to Another Member (Mobile)

With a few taps on your mobile device, transfer funds to any SELCO member, any time.

Transfer Between Accounts

Set and forget recurring transfers or quickly move money between your accounts.

Transfer Between Accounts (Mobile)

With a few taps on the app, move money between your SELCO accounts.

To send a US Domestic Wire from your SELCO Account you will need the following:

Sender's Information

  • Sender's name
  • Sender's telephone number – include a number where the sender can be reached to verify instructions, as processing may be delayed if we're unable to verify the request.
  • SELCO member number
  • SELCO account number to debit
  • Outgoing wire transfer amount in U.S. dollars

Beneficiary's or Receiver's Information

  • Routing Number of receiving bank
    • If you are unsure of the routing number, contact the receiving bank to get the appropriate incoming wiring instructions.
  • Name of bank receiving the wire transfer
  • Address of bank receiving the wire transfer
  • For each wire transfer beneficiary provide the:
    • Bank or loan account number to deposit funds.
    • Name of the beneficiary on the account
    • Address for the beneficiary on the account (Please note that we cannot use PO Boxes)
  • Comments or special instructions to transmit with the outgoing wire, if applicable
    • These include: "to the attention of" instructions, or invoice, purchase order or reference numbers. The beneficiary should tell you if any of these fields are needed.

To send an International Wire from your SELCO Account please gather the following information:

Sender's Information

  • Sender's name
  • Sender's telephone number – include a number where the sender can be reached to verify instructions, as processing may be delayed if we're unable to verify the request.
  • SELCO member number
  • SELCO account number to debit
  • Outgoing wire transfer amount in the foreign currency desired, such as Euro or Yen. Please note that SELCO will complete a currency conversion to the local currency of the beneficiary prior to sending the wire, unless the beneficiary account is specifically a U.S. dollar account.

Beneficiary's or Receiver's Information

  • Sort Code, International Bank Account Number (IBAN), SWIFT Code, or CLABE. The beneficiary should be able to provide one of these identification numbers to you.
  • International bank name and address
  • Bank or loan account number to deposit funds
  • Name, address, and citizenship of all beneficiaries or recipients of the wire transfer
  • Purpose of payment – this is required for wires going to foreign countries. If this information is not provided, the financial institutions may withhold wired funds due to lack of information, take a research fee from the wire before crediting the account, or possibly return the funds. Providing all information about the beneficiary and the purpose of the wire will help avoid wire delays.
  • Comments or special instructions to transmit with the outgoing wire, if applicable
    • These include: "to the attention of" instructions, or invoice, purchase order or reference numbers. The beneficiary should tell you if any of these fields are needed.
To see our outgoing wire transfer fees, please refer to our Savings Rate and Fee Schedule.

In order to receive a wire transfer into your SELCO account, you’ll need the following information:

  • SELCO’s ABA/Routing number: 323274445
  • SELCO’s information in the “Wire To” address, also referred to as the “Beneficiary Financial Institution” line. You’ll want to use:
    SELCO Community Credit Union
    P.O. Box 7487
    Springfield, OR 97475
    Phone: 800-445-4483
  • In the “Beneficiary” field, include:
    • Your account number
    • The name of the account holder
    • The address listed for the account
  • Any other relevant information can be included in the “Reference” field.

Please note that SELCO does not offer a SWIFT Code or IBAN for international wires.

General Information about Wires

  • Many institutions may be involved in the transfer of foreign currency.
  • Outgoing wire transfer requests received Monday – Friday, before 2:00pm PST, will generally be processed the same day. International U.S. dollar wires requested after 2:00pm PST will be processed the next business day. Foreign exchange wires require more time to process due to exchange rates.
  • Domestic wires can take up to 72 business hours. Foreign exchange wires may take up to 14 calendar days to post.
  • If the full wire transfer amount has not been received on or after 14 calendar days, you can submit a notice of error.

To see our outgoing wire transfer fees, please refer to our Savings Rate and Fee Schedule

Need help completing your request? Contact us today.

SELCO limits electronic transfers made via online banking from certain savings accounts to six per calendar month. Because of this, you cannot make more than six monthly electronic transfers from each savings account, secondary savings account, or money market account.

Online banking operates in real time, so transactions are reflected on your account immediately.

You'll need your routing and account numbers to set up direct deposit or an electronic tax refund. The routing number is the 9-digit number found in the lower left of your checks, in online banking, and on the mobile banking app. SELCO's routing number is 323274445, which is the same for every SELCO member. Your 14-digit account number is located in the lower middle of checks, and also can be found in online banking and the mobile app.

 

In online banking, log in and click the green “Routing & Acct Numbers” button in the “Balances” window to view your full 14-digit account number(s) and routing number. Note, you’ll need to answer a security challenge before the information will appear.

In mobile banking, select “Routing & Acct Number” from the Main Menu to view your full 14-digit account number(s) and routing number. Note, you’ll need to answer a security challenge before the information will appear.

You can also find the routing number at the bottom of every selco.org page. Also, remember that each account has a unique 14-digit account number.

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