---
title: "Outgoing Wire Approvals"
slug: "outgoing-wire-approvals"
updated: 2024-01-30T04:40:55Z
published: 2024-01-30T04:40:55Z
canonical: "docs.corporatecu.com/outgoing-wire-approvals"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://docs.corporatecu.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Outgoing Wire Approvals

The Outgoing Wire Approvals screen is where initiated outgoing domestic and international wires are reviewed and sent.

The Outgoing Wire Approvals screen may only be viewed by Users with appropriate permissions.

All outgoing wires must be completed with dual approval. One User will enter the wire, and a second User will approve the wire.

To view pending outgoing wire activity, Users will provide searching and filtering information. Users may search and filter across the following column categories:

- Wire ID
- Member - Your credit union
- Originator - Entity that originated the wire
- Beneficiary - Final entity that will receive the wire funds
- Beneficiary / Receiver Financial Institution - Final financial institution that will receive the wire funds on behalf of the beneficiary
- Amount - Outgoing wire amount
- Type - Wire Business Function Code and Type Code; INT designates international wire
- Effective Date - Effective date of the wire
- OFAC Status - Failed or Passed OFAC screening
- Status - Current status of the wire

Sorting and filtering is available on all columns. Click the **arrow** next to the column header to sort the column. The orange arrow indicates which column is currently sorting the information. Search within a column by typing information into the **Search** box located just under the column header, or by utilizing the column dropdown, if available. To clear filters, click the **x** located in the search box, or click the **Clear filters** option at the top right side of the card.

Wire Status options are as follows:

| **Status** | **Description** |
| --- | --- |
| **All Statuses** |  |
| **In Review** | OFAC screening has failed and will need to be reviewed prior to wire verification and approval |
| **Pending Approval** | OFAC screening has passed, the wire may be verified and approved |

Once the desired search information has been entered, a list of outgoing wires is displayed. The User may export the wire information to a PDF document by clicking the **Export to PDF** button.

International Wire Review and Rejection/CancellationIt is important to note that once foreign dollar rate quotes have been locked, they may be subject to a market rate difference being owed. Should an international wire require incorrect information to be edited, the reviewing user may do so, unless the wire is a pre-authorized template. In that case, only limited fields are available for editing.   
  
If a User should choose to Reject or Cancel an international wire in pending status, the User will see a pop-up that indicates the debit amount that will be posted to the credit union settlement account. The user will have to confirm the Reject or Cancel action, indicating that the notification has been read and understood.

## Outgoing Wire Approval

To approve outgoing wires, Users must:

1. Navigate to **Money Movement**
2. Click the **Wire** tab
3. Select **Outgoing Wire Approvals**
4. Search for and select the outgoing wire
5. Click the **Wire ID**
6. For **Failed OFAC Status**:
  1. Click **Failed** hyperlink
    1. Each potential match will be displayed with a blue dropdown arrow
  2. Click the **blue dropdown arrow** to review potential matches
    1. Potential matches will be highlighted in red
7. Once all matched have been reviewed, click **Reviewed![](https://cdn.document360.io/79b73003-772f-429b-afdd-b7e377cc9b05/Images/Documentation/image-1661910667068.png?sv=2026-02-06&spr=https&st=2026-11-04T10%3A50%3A27Z&se=2026-11-04T11%3A50%3A27Z&sr=c&sp=r&sig=FILNlJ1i6GLZdKesJBnLBZpoodrVRzLOXJAPOvyppCE%3D)**
8. **Reviewed By** information will populate with User's name and date
9. Click **Back to Outgoing Wire**
10. Review the wire for accuracy
11. If dollar amount or reference information is incorrect for a domestic wire, click **Edit**, and update the information
  1. A different User will now need to verify and send the wire
12. If information is incorrect for an international wire, click **Edit** and update the information - most information may be updated, unless the wire was a pre-authorized template
  1. A different User will now need to verify and send the wire
13. Determine the final action to take on the wire:
  1. If the wire detail is correct and has passed OFAC, click **Approve**
  2. If the wire detail other than amount and reference is incorrect, click **Reject**
  3. If the wire should not be sent, click **Cancel**

Once the wire has been approved, it will roll up to the corporate for final review, posting, and processing. Once those actions have occurred, the wire will reflect a status of **Complete**, visible on the Outgoing Wires screen**.**

## Related

- [Account Transfers](/account-transfers.md)
- [Member Transfers](/member-transfers.md)
- [Money Movement - Account Transfers](/account-transfers-1.md)
- [Money Movement - Member Transfers](/member-transfers-1.md)
- [Outgoing Domestic and International Wires](/outgoing-wire.md)
- [Money Movement - Outgoing Domestic Wires](/money-movement-outgoing-wires.md)
- [Money Movement - Outgoing Wire Approvals](/money-movement-outgoing-wire-approvals.md)
- [Money Movement](/money-movement.md)
- [Money Movement](/money-movement-1.md)