--- title: FedWire Requirements slug: keybank/fedwire-requirements description: Improve your website's search engine rankings with this comprehensive SEO document. docTags: createdAt: 2022-08-02T19:54:03.000Z --- :::hint{type="info"} **NOTE:** Transactions are transmitted **hourly (50th minute)**. Wires can be sent via the ERP Plugin the same day and still be sent to the vendor the same day, as long as they are processed before the wire cut-off time at Key. ::: FedWire, or domestic US Wires, are payments used to move funds within the** **US**. **All transfers must be in **USD**. For NetSuite users, the Entity Bank Details bundle is required to process FedWire payments through the plugin. *** ## Key Terms Below are some key terms to help you navigate the instructions and setup for FedWire payments more easily. | **Term** | **Definition** | | ------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **SWIFT/BIC Code** | A Bank Identifier Code (BIC), also known as a SWIFT code, is an 8-to-11-character alphanumeric code that uniquely identifies financial institutions.
**Note:** If the BIC is unavailable, you must provide the bank's full name and address instead. | *** ## Vendor and Bill Requirements To prevent payment delays or returns, all payments are required to have the following three requirements: ::::WorkflowBlock :::WorkflowBlockItem ### Vendor Record The Entity's full name, address, and phone number must be accurately populated on the Vendor record. ::: :::WorkflowBlockItem ### Billing Address and Location The Entity and Bill (if applicable) Billing Addresses must be located in the country of destination and must match the country specified in the Entity Bank Details record. ::: :::WorkflowBlockItem ### Currency The currency for the Vendor Bill must be in USD. ::: :::: *** ## Payment Requirements **Payment Context** - **Swift BIC Country Code: **US - **Method: **Domestic - **Country:** United States  - **Currency:** USD **Requirements** ::::WorkflowBlock :::WorkflowBlockItem **Routing Number** is mandatory. ::: :::WorkflowBlockItem **Account Number** is mandatory. ::: :::WorkflowBlockItem **Payer Account Number** must be between 6 and 10 digits. ::: :::WorkflowBlockItem **Destination Account Number** can be up to 12 digits. ::: ::::