Identifies the sending financial institution's nine digit routing number and short name. The amount will include the dollar sign and the appropriate punctuation including cent digits. The type and subtype codes will be provided by the sending financial institution and are required for all Fedwire transactions. Type and Subtype Codes are entered by the sender. Treasury and a sample Fedwire are given below.ĭefinition of Required Information for Fedwire Item definitions for the required information for a Fedwire funds transfer to the U.S. Taxpayers are strongly urged to carefully review this section and the Fedwire format shown below with their financial institution well in advance of the date on which the first electronic fund transfer (EFT) is to be sent to TTB via Fedwire. Failure to supply correct information can result in errors that may subject the taxpayer to penalties and interest for late payment. Taxpayers and their financial institutions should use extreme care in providing information for Fedwire payments. Taxpayers must take into account any deadlines established by their financial institution to transmit the Fedwire payment to the appropriate Department of the Treasury account in a timely manner. For each separate transaction, some of the information remains constant, while the taxpayer and financial institution must provide other information. A sample Fedwire format and a description of required information are shown below. Taxpayers must provide specific information to their financial institution so that a transfer of funds to TTB can take place. Specific Examples of Identifying Information The information below is provided as a supplement to the Procedure.įedwire Originator to Beneficiary InformationĮFT Via Automated Clearing House (ACH) Credit TTB recommends Pay.gov for ACH transfers.įor general information on making EFT payments to TTB and to find out if you are required to make payments by EFT, please read TTB Procedure 2011-1. ACH credit transfers are completed on the following business day.
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