ACH & Wire Transfers

Simplify how your business transfers secure payments with Automated Clearing House (ACH) Origination Services through Solvay Bank.

Your business can use ACH Origination Services to collect funds and make payments electronically, including making payroll for your employees. With ACH payment and deposit services, your business will:

• Save money by eliminating the cutting and mailing of payroll checks.
• Save time and labor with quick, easy filing.
• Improve your payment processing efficiency with quick service.
• No more lost checks – payments go directly from account to account.
• Fight payment fraud by using Positive Pay to manage incoming and outgoing transactions as they occur.

With ACH, your business can handle functions such as:

• Making payroll deposits
• Paying taxes
• Paying your vendors
• Managing corporate payments and collections

ACH Debit Origination

With ACH debit origination, you can electronically collect payments from customers’ bank accounts on a recurring or one-time basis. Payments get deposited directly into your bank account.

ACH Credit Origination

Make paying vendors, employees, or other payees convenient and secure. Added benefits are ACH is cost effective and faster than paper-based payments.

ACH Services to Concentrate Balances

Centralize cash management operations with ACH services. You’ll be able to electronically transfer funds from accounts held at other financial institutions into your Solvay Bank accounts.

Same Day ACH

With same day ACH, payments can be processed and posted to your account on the same day they are authorized. Make easier on-time bill payments and faster crediting when you are moving money among your accounts at different financial institutions. Similarly, business-to-business payments will process more quickly, resulting in faster invoice and payment processing.

Positive Pay

Enhance security and accuracy of all checks issued by your company before funds are withdrawn from your account. Positive Pay flags imperfect matches and prevents unauthorized or duplicate checks from being cashed, allowing you to maintain strict control over transactions. With 24/7 service, you can also set rules to filter ACH transactions, ensuring that only authorized payments are processed. Learn more here. 

Solvay Bank offers domestic and international wire services for all clients. Domestic transfers will typically be credited to your account the same business day. International transfers will typically be credited to your account in 1 to 5 business days, due to additional processing requirements for international transfers that will vary depending on the wire specifications. The cut-off time for wire processing is 3 p.m. EST. Any wires received after this time will be processed on the next business day. Note: We currently only process international wires using U.S. Dollars.

Initiating Wire Transfers

Consumers

Please stop into one of our many convenient Solvay Bank locations, where a wire transfer request can be completed with the assistance of our retail staff.

Businesses

Clients who utilize our Wire Manager service can input their own wires directly through their Business Online Banking. If you need assistance accessing, please call Customer Relations at 315-484-2201.

Clients not currently using Wire Manager that would like to start, may stop into one of our retail locations for assistance with this service.

Domestic Wires

Incoming

To receive an incoming domestic wire, you will need to provide the sending party the following information:

Solvay Bank Information:
Name: Solvay Bank
Routing Number: 021309735
Address: 1537 Milton Ave, Solvay NY 13209

Your Personal Information:
Name
Account Number
Address
Any “For Further Credit” Instructions (Invoice Number or Purpose of Wire) that Should be Included

Outgoing

To initiate an outgoing domestic wire, you will need to provide the following information:

Beneficiary Bank Information:
Bank Name
Routing Number
Bank Address

Beneficiary Information:
Name
Account Number
Address
Any “For Further Credit” Instructions (Invoice Number or Purpose of Wire) that Should be Included

International Wires

Incoming

To receive an incoming international wire, you will need to provide the sending party the following information:

Currency: USD
Country: United States

Beneficiary Bank Information:
Name: BMO Harris
SWIFT/BIC: HATRUS44
Routing Number: 071000288
Address: 111 West Monroe St., Chicago, IL 60690

Beneficiary Information:
Name: Currency Exchange International, Corp.
Account Number: 0044709159
Address: 6675 Westwood Blvd., Orlando, FL 32821
Details/Remittance Info (REQUIRED): “FFC to Solvay Bank, [Client Name and Account Number]”

Outgoing

To initiate an outgoing international wire, you will need to provide the following information:

Beneficiary Bank Information:
Name of Financial Institution
Address
SWIFT/BIC: This should be an 8 or 11 digit code

Beneficiary Information:
Name
Account Number
Address
Any “For Further Credit” Instructions (Invoice Number or Purpose of Wire) that Should be Included

NOTE: Some countries require specific bank identifiers (e.g. Canada's Transit Code or India's IFSC code), or account identifiers (e.g. IBAN, or CLABE for Mexico).