Wire Transfers and International Drafts

Need to send money to a relative in another country or a child at school on the mainland? Wonder where to get an international draft or how to pay an overseas invoice?

Central Pacific Bank has the answers and the people to help meet your needs.

Frequently Asked Questions

1. How can I send money to family, friends, and business associates?

With years of experience in wire payments, we can easily help you make payments here, on the Mainland, or abroad. You can either send a wire or an international draft.

• Wire Transfer
  A wire is a quick and efficient way to send money. You can specify if you want the funds to be sent in U.S. dollars or foreign currency.
• International Draft
  A draft is a check-like instrument that can be denominated in foreign currency. Using a draft instead of a wire eliminates the need to supply the beneficiary bank information and account number. You can deliver the draft in person or mail it yourself to the ultimate beneficiary.

Just stop by your nearest Central Pacific Bank branch location where our friendly and knowledgeable staff is ready to assist you.

2. What information do I need to provide?

For wires, you will need to supply your bank specialist with:

• Amount of the wire
• Name of the person to whom you are sending the wire (the beneficiary).
• Branch location, including the bank name, city and country.
• Account number of the beneficiary.

For international drafts, you only need to supply the following:

• Amount of the draft
• Name of the beneficiary

Your account will be debited for the amount of the wire or draft and a separate wire or draft fee.

Central Pacific Bank is prohibited from directly or indirectly providing banking services to any person or entity that has been designated by the Office of Foreign Assets Control (OFAC). Information regarding OFAC sanctions programs can be found at www.ustreas.gov/ofac/

3. Do I need an account to send a wire or purchase an international draft?

Yes. You must maintain a Central Pacific Bank account relationship to send a wire or purchase an international draft.

4. How much does it cost to send a wire or purchase an international draft?

Fees vary dependent on the wire or draft amount and the country of the beneficiary. Contact your nearest Central Pacific Bank branch location for the latest fee schedule information.

5. How long does it take?

The process is simple and easy. Just stop by your nearest Central Pacific Bank branch location and complete and sign the transfer request form. Requests received by 11:00 a.m. can be sent the same day.