MCA Wires Requirements

the multi currency account (mca) wire payment method allows clients to send same currency payments directly from their non usd svb accounts processing deadline daily cut off 1 00 pm est to ensure timely processing, initiate payments before the 4 00 pm est cut off payments submitted after this time, or during bank holidays, are systematically held and will be released on the following business day key terms review the following key terms used throughout this document term definition multi currency account (mca) these are specific svb accounts held in non usd currencies used for same currency payments international bank account number (iban) 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 also referred to as a swift code consists of 8 (primary) or 11 (primary and branch code) alphanumeric characters and is used as a unique identifier for financial institutions vendor and bill requirements for netsuite users, the entity bank details bundle is required to process global ach payments through the plugin please include the following required information for all payments to avoid potential delays or returns vendor record the entity's full name and complete address must be accurately populated on the vendor record note if the beneficiary is an individual, avoid using initials in the vendor's name to avoid processing delays billing address and location the bill, vendor, and entity bank account address (stored in the fispan bank details bundle) must have the destination country accurately listed if an entity has multiple bank accounts stored, then the address of the bill must match the destination bank account's country note the name and address of the destination bank account should be entered in the bank account's record currency the bill and destination bank account must use the local currency of the destination country (e g , cad for canada) for payments from a multi currency account (mca), the payment currency must match the mca currency for example, if you are paying from a euro (eur) mca, the payment currency must be eur additional requirements may apply depending on the destination please review the country specific requirements listed below north america canada payment context swift bic country code ca method international currency code cad requirements bic code is mandatory iban is mandatory routing number is mandatory purpose of payment is required on the vendor record mexico payment context swift bic country code mx method international currency code mxn requirements bic code is mandatory clabe (18 digits) is mandatory purpose of payment is required on the vendor record asia pacific australia payment context swift bic country code au method international currency code aud requirements bic code is mandatory account number is mandatory purpose of payment is required on the vendor record china payment context swift bic country code cn method international currency code cnh requirements bic code is mandatory account number is mandatory purpose of payment is required on the vendor record hong kong payment context swift bic country code hk method international currency code hkd requirements bic code is mandatory account number is mandatory purpose of payment is required on the vendor record japan payment context swift bic country code jp method international currency code jpy requirements bic code is mandatory account number is mandatory purpose of payment is required on the vendor record new zealand payment context swift bic country code nz method international currency code nzd requirements bic code is mandatory account number is mandatory purpose of payment is required on the vendor record singapore payment context swift bic country code sg method international currency code sgd requirements bic code is mandatory account number is mandatory purpose of payment is required on the vendor record middle east & africa israel payment context swift bic country code il method international currency code ils requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record united arab emirates payment context swift bic country code ae method international currency code aed requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record south africa payment context swift bic country code za method international currency code zar requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record united kingdom united kingdom payment context swift bic country code uk method international currency code gbp requirements bic code is mandatory iban or bank account number + bank sort code is mandatory purpose of payment is required on the vendor record guernsey payment context swift bic country code gg method international currency code gbp requirements bic code is mandatory iban or bank account number + bank sort code is mandatory purpose of payment is required on the vendor record isle of man payment context swift bic country code im method international currency code gbp requirements bic code is mandatory iban or bank account number + bank sort code is mandatory purpose of payment is required on the vendor record jersey payment context swift bic country code je method international currency code gbp requirements bic code is mandatory iban or bank account number + bank sort code is mandatory purpose of payment is required on the vendor record europe denmark payment context swift bic country code dk method international currency code dkk requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record norway payment context swift bic country code no method international currency code nok requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record poland payment context swift bic country code pl method international currency code pln requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record sweden payment context swift bic country code se method international currency code sek requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record switzerland payment context swift bic country code ch method international currency code chf requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record andorra payment context swift bic country code ad method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record austria payment context swift bic country code at method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record belgium payment context swift bic country code be method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record bulgaria payment context swift bic country code bg method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record croatia payment context swift bic country code hr method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record cyprus payment context swift bic country code cy method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record estonia payment context swift bic country code ee method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record finland payment context swift bic country code fi method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record france payment context swift bic country code fr method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record germany payment context swift bic country code de method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record greece payment context swift bic country code gr method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record ireland payment context swift bic country code ie method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record italy payment context swift bic country code it method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record kosovo payment context swift bic country code xk method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record latvia payment context swift bic country code lv method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record lithuania payment context swift bic country code lt method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record luxembourg payment context swift bic country code lu method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record malta payment context swift bic country code mt method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record monaco payment context swift bic country code mc method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record montenegro payment context swift bic country code me method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record netherlands payment context swift bic country code nl method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record portugal payment context swift bic country code pt method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record san marino payment context swift bic country code sm method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record slovakia payment context swift bic country code sk method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record slovenia payment context swift bic country code si method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record spain payment context swift bic country code es method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record vatican city payment context swift bic country code va method international currency code eur requirements bic code is mandatory iban is mandatory purpose of payment is required on the vendor record