Wire transfer is the fastest mode of receiving money in your First State Bank and Trust Company 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 First State Bank and Trust Company

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 – this is sometimes referred to as correspondent banking.

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

Incoming International Wire Transfer Instructions

To receive international wire transfer in your First State Bank and Trust Company account, please use the following wire instructions:

Bank Name: First State Bank and Trust Company
SWIFT Code for First State Bank and Trust Company: TIBBUS44
Routing Transit Number: 111904150
Bank Address, City & State: First State Bank and Trust Company
110 W Panola St, Carthage TX 75633
(regardless of where your account is located)
Beneficiary Account Number: Your complete First State Bank and Trust Company account number
(including leading zeros)
Beneficiary Name: The name of your account as it appears on your statement

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 First State Bank and Trust Company

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 First State Bank and Trust Company 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: First State Bank and Trust Company
Wire Transfer Routing Number: 111904150
Account Holder Name: Your Name
Account Number: Your Bank Account Number
Bank Address, with City & State: First State Bank and Trust Company
110 W Panola St, Carthage TX 75633
(regardless of where your account is located)

Wire Transfer Fees for First State Bank and Trust Company

International and Domestic Wire Transfer Fees for First State Bank and Trust Company are as follows:

International Incoming Incoming International Wire Transfer Fees varies based on your account type but it is usually between $0 to $15
Outgoing $50 for each transaction
Domestic Incoming Incoming Domestic Wire Transfer Fees varies based on your account type but it is usually between $0 to $15
Outgoing $20 for each transaction

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 First State Bank and Trust Company

To transfer funds to an International/Domestic account from your First State Bank and Trust Company account, you need to fill Wire Transfer Request Form which can be availed from any First State Bank and Trust Company 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 First State Bank and Trust Company branch.
  3. Keep the Wire Transfer Disclosure for your records.
  4. Wire transfer requests must be received and confirmed by cut-off time of First State Bank and Trust Company.
  5. There is a fee for sending a wire transfer.

Note: For international wires requested after First State Bank and Trust Company 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 First State Bank and Trust Company

  1. Cut-off Time for Incoming/Outgoing for First State Bank and Trust Company is 8:30 a.m. to 3:30 p.m. CST for both Domestic and International
  2. Requests received after cut-off time will be processed the next business day.