Wire transfer is the fastest mode of receiving money in your Bremer Bank account. You can receive money from within USA (Domestic Wire Transfers) or from a foreign country (International wire transfer). The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to Bremer Bank

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in USA) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer. Small banks and credit unions generally don’t have this arrangement, so they use services of an intermediary bank (correspondent banks) which have this arrangement to realize the wire transfer. Intermediary banks are usually big multinational banks which have working arrangements with many top banks across the world.

Note: Banks in USA don’t use IBAN account number.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your Bremer Bankk account, please use the following wire instructions:

Correspondent Bank:	Bank Of America (Optional)
Address:	New York, USA
Swift Code:	BOFAUS3N
Beneficiary:	Bremer Bank NA
Address:	372 St Peter Street St. Paul, Minnesota
Swift Code:	BRFSUS4T
For Further Credit to:	Your Name, Address and Account Number

Note of Caution on Fees: If your money transfer involves currency conversion, there is a high chance you will get a poor exchange rate from the banks and as a result pay high hidden fees. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Domestic Wire Transfer to Bremer Bank

Domestic wire transfers are run through either the Fedwire system or the Clearing House Interbank Payments System (CHIPS). Wire transfers are different from ACH transfers. Wire transfers are real time transfers (receiver usually get the money, same day) and costs more than ACH transfer (which takes 2-4 days for transfer of money).

Incoming Domestic Wire Transfer Instructions

You can receive funds to your Bremer Bank account from any bank within USA using domestic wire transfer. You need to provide the following details to sender of the funds who will initiate the domestic wire transfer through his/her financial institution.

Bank Name:	Bremer Bank NA
Wire Transfer Routing Number:	096010415
Account Holder Name:	Your Name
Account Number:	Your Bank Account Number
Bank Address, with City & State:	372 St Peter Street St. Paul, Minnesota (regardless of where your account is located)

Wire Transfer Fees for Bremer Bank

International and Domestic Wire Transfer Fees for Bremer Bank are as follows:

International	Incoming	$15 to $30 for each transaction (Your bank disclose the fee at time of transaction depending on the account type)
	Outgoing	$30 to $45 for each transaction (Your bank disclose the fee at time of transaction depending on the account type)
Domestic	Incoming	$0 to $20 for each transaction (Your bank disclose the fee at time of transaction depending on the account type)
	Outgoing	$10 to $30 for each transaction (Your bank disclose the fee at time of transaction depending on the account type)

Apart from the wire transfer fees, if the transfer involves currency conversion, banks make money on currency conversion as well by giving retail conversion rates to you which is usually 1-2% lower than the market rate. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Sending Wire Transfer From Bremer Bank

To transfer funds to an International/Domestic account from your Bremer Bank account, you need to fill Wire Transfer Request Form which can be availed from any Bremer Bank branch.

1. Complete all fields on this form as per Wire Transfer Instructions.
2. The completed and signed Wire Transfer form can be provided to any of Bremer Bank branch.
3. Keep the Wire Transfer Disclosure for your records.
4. Wire transfer requests must be received and confirmed by cut-off time of Bremer Bank.
5. There is a fee for sending a wire transfer.

Note: For international wires requested after Bremer Bank daily cut-off time, due to fluctuations in the foreign exchange rates, international wire transfers for amounts other than U.S. currency will be estimated and processed on the next business day at the foreign exchange rate valid at that time.

Wire Transfer Cut-off Time for Bremer Bank

1. Wire transfer daily cut-off time for both Outgoing wire transfers is 3 p.m. CT
2. Wire transfer daily cut-off time for both Incoming wire transfers is 4:30 p.m. CT
3. Requests received after cut-off time will be processed the next business day.