FAQ

Question #1

Why should my institution use Knox Wire over other payment systems, such as Swift?

Answer:

Knox Wire is currently one of the fastest and safest wire systems on the market, and because of the Knox bi-directional messaging system and interbank network, it can send same day wires to nearly 20,000 institutions world-wide.

Question #2

How fast are transfers in the Knox Wire system?

Answer:

Transfers between Knox Wire participants take place within a matter of seconds. Transfers out of the Knox Wire Network usually settle within one business day.

Question #3

How can my institution withdraw its Knox Wire balance when it needs to?

Answer:

Any Knox Wire participant can withdraw their Knox Wire balance at anytime. In most nations there is the option for same day settlement in cash or domestic wire.