Why should I provide beneficiary address details on an international money transfer (IMT)?
Providing the full and valid physical address of the beneficiary of an IMT can sometimes assist in the funds being correctly transferred if the account number provided is incomplete or invalid. Many overseas banks now request this or they may reject the payment.
- ASB is unable to complete validation on any of the beneficiary account details provided by you. It’s your responsibility to ensure these details are correct before making a payment.
- An IMT is treated like an electronic payment; they’re usually sent to an account number only with no manual intervention.
- Name and address information provided is usually only used by the beneficiary bank if the payment needs to be applied manually due to incomplete or invalid account number information.
Find out more information on how to make and International Money Transfer.
FastNet International is required for non-personal accounts where you are creating an IMT from a Foreign Currency Account and / ...
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If I'm making an International Money Transfer, how do I identify the beneficiary bank I wish to transfer funds to?There are two ways to identify the beneficiary bank to which you wish to transfer funds. The first is to ...
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