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What if the beneficiary does not have a Swift code?

April 26, 2017Beneficiary code Swift

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What if the beneficiary does not have a Swift code?

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All banks overseas should have a Swift Code. We advice against sending wires without this information as it can cause delays, routing errors, and extra fees to be taken from the wire. Should the bank not have a Swift Code they should have an account at a US Intermediary bank. In lieu of a Swift Code, please provide the Intermediary Bank name and account number.