The reference field will be truncated to fit this limit. The scheme only supports 140 alphanumeric characters. The BIC SWIFT should also be used for USD payments to any other supported country outside the USA. Valid ISO 9362 SWIFT BIC code 8 or 11 alphanumeric charactersīIC SWIFT should be used for USD payments to the USA for payments on the CHIPS payment scheme. The ABA is required for all USD payments to the USA. Some ABA values are only valid for FedACH payments. The ABA should be valid for FedWIRE payments. CLABE is the banking standard for the numbering of bank accounts in Mexico (equivalent to the Account Number in other jurisdictions).Īmerican banks are identified by a 9 digit ABA number, also known as ‘Routing Number’. IBAN must be used when sending to all IBAN countries.ĬLABE must be used instead of account number or IBAN when sending payments in any currency to Mexico. When sending payments to non-IBAN countries, account number must be used. When sending to non-IBAN countries, account number must be used. IBAN must be used when sending payments to all IBAN countries. Only required when sending payments to Canada, Mexico and the USA.ġ5-34 alphanumeric characters spaces permitted * Please note that non ASCII characters will be transformed to ASCII equivalent or removed on a best endeavours basis in order to comply with the restrictions of the domestic payment scheme. Use Currencycloud to quickly access virtual named accounts for your customers and collect, convert, pay and manage multiple currencies simultaneously anywhere in the world. This field is not visible to the beneficiary. We’re simplifying business in a multi-currency world. The scheme only supports 10 alphanumeric characters. Some ABA values are only valid for FedWIRE payments. The ABA should be valid for FedACH payments. We do not currently perform checks against the account name.Īmerican banks are identified by a 9 digit ABA number, also known as ‘Routing Number’. We validate that the account number provided is a valid one. Required Details Local (Regular) Payment Field Within the US, the SWIFT payment will use Fedwire or CHIPS, depending on the routing code used.
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