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
Costa Rica (CR) Currency: CRC Required Information:
- IBAN
- SWIFT BIC
- Tax ID
- Payee Type
- Phone Number
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: THB 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: AED 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