USD
♦ SWIFT (Wire Transfer)
Delivery Time: Same Day Value
Beneficiary Information
Full Beneficiary Name
Beneficiary Country
Beneficiary Address: (Zip Code, Street, City, Province or State).
Beneficiary Bank Details
Beneficiary Account Number / IBAN
Beneficiary Bank BIC/SWIFT: 8 or 11 characters.
Purpose of Payment
Possible Purpose: Advertising Fees, Expense Reimbursement, Financial Services, Legal Services, Medical Reimbursement, Payroll, Processing, Trade Related Services, Transaction between Banks, Transportation Costs, Travel Related Services, Personal, Other.
Reference: Omipay allows you to submit maximum 50 characters for reference, but the length shown is depend on the beneficiary bank.
Specific USD beneficiary country requirements:
Canada: Routing code (Transit Code)
New Zealand: 15-16 digit beneficiary account
EU/EEA and IBAN countries: IBAN required. IBANs contribute to a decrease in processing times and reduced error rates.
Mexico: Tax ID (highly recommended, not mandatory)
RECOMMENDED:
When sending USD to a Ukrainian private account payments may stop and be delayed, if not enough information isprovided on the purpose of payment. Please see examples: ‘Salary’, ‘Wages’, ‘Prize’, ‘Bonus’ or ‘Honorarium’, ‘Alimony’,‘Insurance compensation’, ‘Insurance payment’, ‘Compensation of damage’ or confirm that this transfer is not to beconnected with any business and investment activity.
When sending USD payments to the UK it is recommended to use IBAN+SWIFT or 8 digit account + 6 digits sortcode.
USD payments to China now should include Beneficiary phone number.
Notes:
Domestic Wire
9 digit ABA: see below for differentiating between ACH and Wire
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High Value (Wire)
9 Digit Fedwire ABA: ABA can be validated for Wire payments through the following federal reserve website:
https://www.frbservices.org/EPaymentsDirectory/searchFedwire.html
The following territories, if the beneficiary banks are participants, are also able to accept Fedwire fund transfers:
– Puerto Rico
– US Virgin Islands
– Guam
– Northern Mariana Islands
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After you input the ABA in the appropriate field and have it verified, it is eligible to receive Wires only if under the Fed wire Eligibility header it indicates ‘FUNDS ELIGIBLE’.
♦ Local Settlement (ACH)
Delivery Time: One Day Value
Beneficiary Information
Full Beneficiary Name
Beneficiary Country
Beneficiary Address: (Zip Code, Street, City, Province or State).
Beneficiary Bank Details
Beneficiary Account Number / IBAN
9 Digit ACH ABA: ABA can be validated that it is eligible for ACH Low Value USD transactions through the following link. Input the ABA and it indicates whether it is a FedACH routing code.
https://www.frbservices.org/EPaymentsDirectory/search.html
Purpose of Payment
Possible Purpose: Advertising Fees, Expense Reimbursement, Financial Services, Legal Services, Medical Reimbursement, Payroll, Processing, Trade Related Services, Transaction between Banks, Transportation Costs, Travel Related Services, Personal, Other.
Reference: Monix allows you to submit maximum 50 characters for reference, but the length shown is depend on the beneficiary bank.
♦ ADDITIONAL CONSIDERATIONS:
A valid beneficiary address will be required for all non-US client making payments.
It is critical to ensure the routing code is enabled for the selected payment method (Wire or ACH). If you enter a Fed wire routing code on an ACH payment, the payment will reject. If you enter an ACH routing code on a Wire payment, the payment will stop for repair at the bank and may miss deadlines or be rejected.
Komercni Bank
When sending USD payments to a beneficiary that banks with Komercni Bank we require the below to avoid possible delays:
Payers Full Address
Beneficiaries Full Address