Wire Instructions: Difference between revisions
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=Notes= | =Notes= | ||
Note the definition of BNF - the intermediate bank - [https://www.google.com/search?q=what+is+BNF+for+beneficiary+bank&oq=what+is+BNF+for+beneficiary+bank&aqs=chrome..69i57j33.12316j0j7&client=ubuntu&sourceid=chrome&ie=UTF-8] | *Note the definition of BNF - the intermediate bank - [https://www.google.com/search?q=what+is+BNF+for+beneficiary+bank&oq=what+is+BNF+for+beneficiary+bank&aqs=chrome..69i57j33.12316j0j7&client=ubuntu&sourceid=chrome&ie=UTF-8] | ||
*Note the definition of FBO - For Benefit Of - [http://fbobankaccount.com/2019/01/08/fbo-bank-account-what-is-it/#:~:text=An%20FBO%20bank%20account%2C%20or,financial%20institution%20or%20program%20manager.&text=The%20FDIC%20does%20not%20provide%20insurance%20coverage%20to%20over%20%24250%2C000%20per%20account.] | |||
Revision as of 16:33, 7 September 2020
Intro
For BTC Bank:
https://docs.google.com/document/d/1ZOBmWiZwJ90jEWyuVGZaCKp-eB0x3352B-zB3v1hRmk/edit
From Sandy at BTCBank -
We have only been charging a $5.00 fee for the incoming foreign wires, but do charge a $45.00 fee for sending one out. Checks on foreign banks have to be sent in for collection and will be deposited to your account after we receive payment for them. If they are in foreign funds an exchange rate will probably apply to them and we do charge a $2.50 fee on all foreign checks. It usually takes a 10 days to 2 weeks for us to receive the funds for a foreign check. Hope this helps.
Transfer authorization form: