A wire transfer allows you to move funds directly between bank accounts and is typically completed within hours. You can also use it to pay vendors who only accept wire transfers, which are often preferred in certain industries, especially when handling big payments.
In Gusto Bill Pay, we offer standard and same-day domestic wire transfers.
This article explains how to pay a bill with a wire transfer.
How to send a wire transfer
Follow these steps to send a wire transfer to your vendor:
1 - Start paying a bill.
2 - Fill in all the payment details: vendor business name, amount, due date, etc.
3 - Once submitted, select Continue to pay at the bottom right.
4 - Select how you want to pay.
The available options are:
- Bank account
- Card: If you pay with a card, you will pay both the card and the wire transfer fees.
Then, select Continue.
5 - From the list of payment delivery methods, select Wire Transfer.
6 - You will be prompted to submit the vendor’s wire details, and you only need to do so when paying a new vendor for the first time.
Fill in all the details:
- Vendor’s domestic wire routing number.
- Vendor’s domestic wire account number.
- Vendor’s address:
- City
- State
- ZIP code
❗Important:
- Before proceeding, ensure that the vendor accepts wire transfers.
- Wire transfers require specific vendor information. Please submit the wire transfer banking details instead of the ACH details.
7 - After submitting all the details, select Continue.
8 - Select the date for your payment to be sent from the calendar that appeared.
9 - Depending on the selection, you will see available delivery speed options:
- Regular wire transfer: 3 business days.
- Same-day wire transfer: The vendor receives the funds on the same day.
Select the desired delivery speed. Then, select Continue.
Same-day wire transfer availability:
- If you do not see the same-day delivery option, we cannot offer a same-day wire transfer for this payment.
- When you pay with a card, your wire transfer is automatically processed for same-day delivery.
10 - Add a memo if you want. Then, select Continue.
Please note:
- By default, the invoice number is set as a memo. You can also add a description of the payment.
- The memo appears in your vendor's email notification.
- When delivered via ACH or Wire transfer, it will appear if the vendor's bank supports memos.
11 - Review all the payment details. If everything is correct, select Confirm and schedule payment.
If something is incorrect, you can return to the previous steps by selecting this icon at the top left of the screen.
That’s it. You successfully scheduled a same-day wire transfer.
You will see a confirmation page with your payment summary.
Additionally, you can select Notify vendor and set a notification email for them.
Learn more about our delivery timeline in this article.