The Client Request Process – EFT (Electronic Funds Transfer) & Wire Requests

At Prittie Private Wealth, our primary goal is to ensure that Electronic Funds Transfers (EFTs) and Wire Orders are initiated, executed, and approved securely and efficiently, while meeting your needs. Whether you’re purchasing a new vehicle or making another important purchase, we want to ensure you receive your funds on time.

To help avoid delays in processing, please take note of the following procedures:

• Provide Advance Notice:
  When requesting an EFT or Wire transfer, notify your Advisor and your Advisor’s assistant at least five business days before you need the funds in your bank account.
  
• Why Five Days?
  This lead time allows your Advisor to sell the necessary investments in your account to raise the requested cash.
  
• Timing Matters:
  Any requests received after 4:00 PM will miss the market close. As a result, trades will be placed the following business day.
  
• Settlement and Transfer Timeline:
  After the trades settle, we will proceed with the EFT or Wire transfer. Depending on the bank involved, the transfer may take up to two additional business days to complete.
  
• Security Protocols:
  If you submit your EFT or Wire request via email, please note that we cannot act on it directly. For security and authentication purposes, we will follow up with a phone call to confirm the request.

We hope this guidance helps clarify the advance notice required for EFT and Wire transfers and ensures a smoother process for all funding requests.

Written By: Natalie Nunn