Correspondent bank appears when you make an international wire transfer (MT103 SWIFT).
If your bank does not have a direct relationship with our bank, your bank pays through correspondent (intermediary) banks. The correspondent banks make a charge for this service.
If we indicate a Beneficiary's Correspondent Bank SWIFT code in the Payment Options at your Order, please instruct your bank to use the Beneficiary's Correspondent Bank SWIFT code (SWIFT MT103 field 54A). This will guarantee fast payment with minimum charges for you to pay.
No correspondent bank is needed for cross-border EU payments.
Use local payment methods if we offer them in your country.