--- title: Foreign Exchange (FX) Wires slug: svb/foreign-exchange-fx-wires docTags: createdAt: 2024-11-06T01:50:59.356Z --- ## 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. :::hint{type="info"} - 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. :::hint{type="danger"} 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. ![](https://api.archbee.com/api/optimize/MM6nC_bKbIkwCRqiFZqEu/SHjVvEmH2yim3WlfAgnyn_image.png "Netsuite Entity Bank Details for US Domestic Payments") Below is a sample of Entity Bank Details Bundle for GBP International Payments ![](https://api.archbee.com/api/optimize/MM6nC_bKbIkwCRqiFZqEu/J5l3UzFridVT3p-oCLo63_image.png) ## 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: **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