International payments involve the movement of funds from one country to another.
Several options are available, and all are subject to the laws and regulations in
the countries of the remitter and payee. INTRUST International Banking professionals
are experts at sending and receiving funds across country borders.
The most expedient method for transferring funds is remittance by electronic transmission.
A wire transfer is a message to the receiving bank requesting them to effect payment
in accordance with the instructions given. The message also includes settlement
instructions. A wire transfer is virtually instantaneous, requiring no longer for
transmission than a telephone call, but processing time by the receiving bank will
vary.
- Foreign wire transfer requests are taken until 3:00 CST for same day processing.
- The value date for U.S. dollar transfers is the next business day.
- The value date for foreign currency transfers is two business days after the date
of the request.
- Wires that are destined for countries roughly within our time zone (three zones
plus or minus) can be transmitted with a value date that corresponds with the date
of the wire.
- Delays can be avoided by having complete remittance information, including the name,
address, and account number of the payee, and the name and location of the payee's
bank.
For more information about our International Banking services, visit our