Changeset - ec665bbf269a
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Bradley Kuhn (bkuhn) - 9 years ago 2015-02-03 21:31:05
bkuhn@ebb.org
Correspondent bank information requested.

In a conversation with our bankers, they told me that many non-USA banks
have correspondent banks in the USA they prefer to work with and it can
avoid fees.
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Travel/conservancy-travel-policy.txt
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@@ -118,48 +118,55 @@ for Project approval:
 
    Conservancy's preference, are:
 

	
 
    * Paypal.  For this, we need (a) the email address that is registered to
 
      the Paypal account that will receive reimbursement and (b) the
 
      preferred currency.  (Please verify that PayPal supports transactions in
 
      https://www.paypal.com/cgi-bin/webscr?cmd=p/sell/mc/mc_intro-outside[your
 
      preferred currency before choosing one].)
 
      Note that sometimes PayPal fees are assessed.  Usually we're taking
 
      funds from our PayPal balance, which means no fees appear on our side,
 
      but they may appear on yours.  It might be worth it to check the fee
 
      schedule before choosing this method.
 

	
 
    * Issue you a check in USD from a USA bank, sent to you via post.
 
      For this option, I just need your postal address.
 

	
 
    * Wire the amount in your local currency to your bank account in your
 
      country.  For this option, I need as much of the following information
 
      as it's possible for you to collect.  While some of this information
 
      isn't always needed, the more I have, the less likely there will be
 
      problems with your wire.  I note below in parenthesis which fields are
 
      mandatory, which varies based on where you are in the world.
 

	
 
                  SWIFT and/or BIC Code (mandatory for non-USA wires)
 
                  ACH or ABA routing number (mandatory for USA wires)
 
                  Correspondent Bank ACH and Name of that Bank
 
                    (This is not mandatory, but note that USA banks charge
 
                     fees during wire transit to direct an international
 
                     wire.  Since Conservancy's payment is coming from the
 
                     USA, it's best if you ask your own bank what USA
 
                     correspondent bank they prefer for USA wire transfers.
 
                     This is the best way to avoid that fee.)
 
                  Account Number  (absolutely mandatory)
 
                  Full Name of the Account Holder  (absolutely mandatory)
 
                  Full Address of Account Holder
 
                  Bank Name
 
                  Bank Address
 
                  Tax ID of account holder (mandatory for Colombia)
 
                  Phone Number of account holder (mandatory for Colombia)
 
                  IBAN (if available, *required* for EU countries)
 
                  BSB Code (mandatory for Australia, not required elsewhere)
 
                  Preferred Currency (absolutely mandatory)
 

	
 
      Note that if there is an intermediary bank involved in the USA, you
 
      should provide all this information for both the intermediary bank
 
      and the final bank.  Note in particular that if the intermediary
 
      bank is in the USA, an ACH or ABA routing number is absolutely
 
      mandatory.
 

	
 
    * Issue you a check in your local currency, sent to you via post.  For
 
      this option, I just need your postal address and what currency you
 
      want.
 

	
 
Project Leadership Committees: when you see emails of this nature, please
 
be sure to have your designated Representative review the materials and
 
send an approval message to Conservancy.
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