International USD Wire
This guide outlines the key requirements and formatting standards for wiring funds internationally. From IBANs in Europe to Local Branch Codes in Asia, each region maintains unique standards to ensure accuracy and regulatory compliance. Adhering to these details will help streamline your transactions, prevent delays, and ensure funds reach the intended recipient.
Key Terms
Review the following key terms used throughout this document.
Term | Definition |
|---|---|
Local Branch Code | A unique identifier assigned to a specific bank branch within a country (e.g., a Sort Code in the UK or a BSB code in Australia). |
Tax ID | A unique identifier issued to individuals or businesses by a government for taxation purposes. |
Purpose of Payment Code | A standardized identifier used to describe the reason for a financial transaction, particularly in international wire transfers. |
Purpose of Payment Message | A brief, free-text description provided to explain the reason for the payment. Unlike a code, this allows for more detailed context regarding the transaction. |
Using Entity Bank Details
International wires require varying levels of remittance information depending on the destination country. Required fields are displayed dynamically within the ERP when a country is selected.
The following examples demonstrate how the required fields dynamically update within NetSuite based on the selected payment type and country.
US Domestic Payments
GBP International Payments
Payment Requirements
FISPAN supports international wire payments to 55 countries. While requirements vary, all international payments require the following information:
Payer (Sender) Details
- Account Number
- Full Name
- Address (Line 1 & Line 2)
- State/Province & Postal Code
- 2-Character ISO Country Code
Payee (Beneficiary) Details
- Beneficiary Name
- Beneficiary Address (Line 1 & Line 2)
Payee Account Details
- IBAN or Account Number
- Beneficiary Bank ID
- Beneficiary Bank & Account Type
Country Specific Requirements
All required fields in this section need to be provided to ensure the successful submission of an international wire. Below is a breakdown of the specific data required for each destination country.
Australia (AU)
Payment Context
- Currency: AUD
Required Information
Account Number
Austria (AT)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Bahrain (BH)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Purpose of Payment Code is mandatory.
Belgium (BE)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Brazil (BR)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Purpose of Payment Code is mandatory.
Canada (CA)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Beneficiary Bank Address (Line 1, Line 2, & City) is mandatory.
Vendor Phone Number is optional.
China (CN)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
BIC SWIFT Code is mandatory.
Purpose of Payment Code is optional but recommended.
Vendor Phone Number is optional.
Croatia (HR)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Czech Republic (Czechia) (CZ)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Denmark (DK)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Estonia (EE)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Finland (FI)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
France (FR)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Germany (DK)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Greece (GR)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Hong Kong (HK)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Hungary (HU)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
BIC SWIFT Code is mandatory.
India (IN)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Purpose of Payment is mandatory.
Indonesia (ID)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Purpose of Payment Code is mandatory.
Ireland (IE)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Israel (IS)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Italy (IT)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Japan (JP)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
BIC SWIFT Code is mandatory.
Phone Number is mandatory.
Kenya (KE)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Latvia (LV)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Lithuania (LT)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Luxembourg (LU)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Malta (MT)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Mexico (MX)
Payment Context
- Currency: USD
Required Information
Account Number (CLABE) is mandatory.
Purpose of Payment is optional but recommended.
Morocco (MA)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Purpose of Payment is optional but recommended.
Netherlands (NL)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Beneficiary Bank Address (Line 1, Line 2, and City) is required.
New Zealand (NZ)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Purpose of Payment is optional but recommended.
Norway (NZ)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Oman (OM)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Purpose of Payment Code is mandatory.
Philippines (PH)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Purpose of Payment is mandatory.
Poland (PL)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Portugal (PT)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Qatar (QA)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Romania (RO)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Purpose of Payment is optional but recommended.
Saudi Arabia (SA)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Purpose of Payment is mandatory.
Singapore (SG)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Purpose of Payment is optional but recommended.
Slovakia (SK)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Beneficiary Bank Address (Line 1, Line 2, and City) is required.
Slovenia (SL)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Beneficiary Bank Address (Line 1, Line 2, and City) is required.
South Africa (ZA)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Purpose of Payment is optional but recommended.
South Korea (SK)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Purpose of Payment is mandatory.
Spain (ES)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Sweden (SW)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Switzerland (CH)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Purpose of Payment is optional but recommended.
Taiwan (TW)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Thailand (TH)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Purpose of Payment is mandatory.
Turkey (TR)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Purpose of Payment is mandatory.
Uganda (UG)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Purpose of Payment is optional but recommended.
United Arab Emirates (AE)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Purpose of Payment is mandatory.
United Kingdom (UK)
Payment Context
- Currency: USD
Required Information
IBAN is mandatory.
Zambia (ZA)
Payment Context
- Currency: USD
Required Information
Account Number is mandatory.
Purpose of Payment is optional but recommended.