Foreign Exchange (FX) Wires

international wire this guide breaks down the key requirements and formats for wiring money to different countries from ibans in europe to local branch codes in asia, each region has unique standards to ensure accuracy and compliance understanding these details can help streamline your transactions, avoid delays, and ensure funds reach their intended recipient the cut off time for processing is 11pm est if a payment is submitted prior to or on a bank holiday or after the cut off time the payment will be held & released the following day key terms local branch code a unique identifier assigned to a specific branch of a bank within a country tax id a unique identifier issued to individuals, businesses, or other entities by a government for tax purposes purpose of payment code a specific identifier used to describe the reason for a financial transaction, particularly in international wire transfers purpose of payment message a brief description or note provided during a financial transaction to explain the reason for the payment unlike a purpose of payment code, which is a standardized identifier, the message allows for more detailed information about the transaction all the required fields in the country requirements section need to be provided before submitting a successful international wire using vendor bank details for international wires international wires require a different levels of remittance information per country required fields will be displayed dynamically when a country is selected below is a sample of the entity bank details bundle for us domestic payments below is a sample of entity bank details bundle for gbp international payments country requirements economic areas eurozone countries ad, at, be, cy, de,ee, es, fi, fr, gr, hr, ie, it, lt, lu, lv, mc, me, mt, nl, pt, si, sk, sm, xk currency eur required information iban swift bic west african economic and monetary union countries bj, bf, ci, gw,ml, ne, sn, tg currency xof required information bank account number local branch code per country requirements argentina (ar) currency ars required information bank account local branch code tax id payee type phone number purpose of payment australia (au) currency aud required information bank account local branch code bahrain (bh) currency bhd required information iban swift bic brazil (br) currency brl required information iban local branch code tax id payee type phone number purpose of payment code purpose of payment message payee email address bulgaria (bg) currency bgn required information iban swift bic tax id payee type purpose of payment code canada (ca) currency cad required information bank account number financial institution number transit number chile (cl) currency clp required information bank account number local branch code tax id china (cn) currency cny required information iban swift bic tax id payee type purpose of payment code colombia (co) currency cop required information bank account number local branch code tax id payee type phone number email costa rica (cr) currency crc required information iban swift bic tax id payee type phone number email czech republic (cz) currency czkn required information iban swift bic denmark (dk) currency dkk required information iban swift bic dominican republic (do) currency dop required information iban swift bic tax id fiji (fj) currency fjd required information account number local branch code hong kong (hk) currency hkd required information bank account number local branch code hungary (hu) currency huf required information iban swift bic iceland (is) currency isk required information iban swift bic indonesia (id) currency idr required information bank account number local branch code residential and entity type india (in) currency inr required information bank account number local branch code purpose of payment code japan (jp) currency jpy required information bank account number local branch code kenya (ke) currency kes required information bank account number local branch code mexico (mx) currency mxn required information bank account number local branch code morocco (ma) currency mad required information bank account number local branch code namibia (na) currency nad required information bank account number local branch code nigeria (ng) currency ngn required information bank account number local branch code norway (no) currency nok required information iban swift bic new zealand (nz) currency nzd required information bank account number local branch code oman (om) currency omr required information bank account number local branch code peru (pe) currency pen required information bank account number local branch code tax id philippines (ph) currency php required information bank account number local branch code purpose of payment poland (pl) currency pln required information iban swift bic qatar (qa) currency qar required information iban swift bic romania (ro) currency ron required information iban swift bic rwanda (rw) currency rwf required information bank account number local branch code saudi arabia (sa) currency sar required information iban swift bic singapore (sg) currency sgd required information bank account number local branch code serbia (rs) currency rsd required information iban swift bic south korea (sk) currency krw required information bank account number local branch code tax id phone number purpose of payment code south africa (za) currency zar required information bank account number local branch code sri lanka (lk) currency lkr required information bank account number local branch code amount must be greater than 500 lkr sweden (se) currency sek required information iban swift bic switzerland (se) currency chf required information iban swift bic thailand (th) currency sek required information bank account number local branch code tax id turkey (tr) currency try required information iban swift bic vietnam (vn) currency vnd required information bank account number local branch code united arab emirates (ae) currency gbp required information iban swift bic united kingdom (gb) currency gbp required information iban swift bic zambia (zm) currency zmw required information bank account number local branch code