Payment Requirements
International Payments
When setting up international vendors within the Vendor Page, read the payment format requirements below and proceed to the list of countries.
International Wire (Intl. Wire) payments are used to move funds from the US to various countries across the globe. All transfers must be in USD.
For NetSuite users, the Entity Bank Details bundle is required to process International Wires payments through the plugin.
Please review the following information for all payments to avoid potential delays or returns.
- The Vendor's Address (Address Line 1), City and Country are required.
- The Currency of the Bill and Destination Bank Account must be in USD. The Method of storage must be “International” within the Bank Details record, where applicable.
- The Entity's full name and phone number, are recommended to be populated on the Vendor record.
- If the beneficiary is an individual, avoid the use of initials in the Vendor's name to help avoid processing delays.
- The Vendor, Bill and Entity Bank Account Address (stored in the FISPAN Bank Details bundle) is suggested to have accurately listed the destination country.
Below are some key terms to make navigating the instructions and set-up for International Wire payments easier!
- International Bank Account Number (IBAN): is a standard international numbering system developed to identify an individual’s account at a financial institution. The structure consists of a two-letter country code, followed by two digits and up to 30 alphanumeric characters.
- SWIFT/BIC code: Bank Identifier Code (BIC): also referred to as a SWIFT code consists of 8 (primary) to 11 (primary and branch code) alphanumeric and is used as a unique identifier for financial institutions. Please note: If a BIC is not known, the full name and address of the bank should be provided.
Please include the following required information for all payments to avoid potential delays or returns.
- Sender: Full name, account number, and address (Avoid use of P.O. Boxes)
- Beneficiary: Full name, account number or IBAN, and address (Avoid use of P.O. Boxes)
- Beneficiary Bank: Name, address, and SWIFT/BIC code (8 or 11 alphanumeric)
- Canada
- Australia
- China
- Hong Kong
- India
- Indonesia
- Japan
- Malaysia
- New Zealand
- Pakistan
- Philippines
- Singapore
- South Korea
- Sri Lanka
- Taiwan
- Thailand
- Vietnam
- Andorra
- Austria
- Belgium
- Bulgaria
- Croatia
- Czech Republic
- Cyprus
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Ireland
- Italy
- Jersey
- Kosovo
- Latvia
- Lithuania
- Liechtenstein
- Luxembourg
- Malta
- Monaco
- Montenegro
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- San Marino
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
- Ukraine
- United Kingdom
- Argentina
- Brazil
- Chile
- Columbia
- Costa Rica
- Dominican Republic
- Peru
- Bahrain
- Benin
- Burkina Faso
- Cote d’Ivoire
- Egypt
- Guinea-Bissau
- Israel
- Jordan
- Kenya
- Kuwait
- Mali
- Morroco
- Namibia
- Niger
- Nigeria
- Oman
- Qatar
- Rwanda
- Senegal
- Saudia Arabia
- South Africa
- Togo
- Turkey
- United Arab Emirates
- Zambia
Updated 08 Aug 2024
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