USD – U.S. Dollar
The payment processing of this currency is considered to be highly standardised.
- Currency Guidelines
A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Payments in USD toward the USA
Besides the standard information, it is important to note that the IBAN format is not in use in USA.
In order to enable the correct routing of the payment in the domestic clearing, either the Fedwire code (also known as ABA code) or BIC code (branch identifier included, if provided) is mandatory.
In certain cases, the Fedwire code could be included within the domestic account number. Please ask your beneficiary to indicate separately this code and the domestic account number.
Example of a Fedwire code: 113011258
Payments in USD outside the USA
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
- Additional information
• Available charge options: OUR (fees depend on beneficiary)/SHA/BEN
• Central bank of the United States of America: http://www.federalreserve.gov/faqs/about_12594.htm