policies Changeset - ec665bbf269a · Conservancy Kallithea

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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Travel/conservancy-travel-policy.txt

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@@ ... / @@ -136,12 +136,19 @@ for Project approval: @@
       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)

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