Payment Guide: US Dollar (USD)

For Domestic USD Payments (where the receiving bank is located within the US)
- Payments sent via Priority will be routed FEDWIRE
- Payments sent via Regular will be routed via ACH

For International USD payments (where the receiving bank is located outside the US)
- Payments sent via Priority will be routed via SWIFT 

When sending payments it is important you select the correct payment method for the accounts you wish to pay. Sending a payment via ACH to a Fedwire account will result in a failed payment.

Priority payments

Priority payments are the faster way to transfer funds, but also the most expensive. 

For International Priority SWIFT transfers, the intermediary banks involved in the transfer may apply fees which are deducted from the amount sent.  As a result, the payment amount received in the beneficiary bank account may be less than the full amount expected.

To set up Priority payments

Step 1 - add Beneficiary and choose the Priority payment method.  

Step 2 - add the Swift/Fedwire payment details.

For more details on how to set up a Beneficiary follow this link -  Add or Set up a Beneficiary to Pay

Regular payments

Regular payments are slower compared to payments sent via priority but are also cheaper. If sent early enough in the day they will arrive same day, otherwise they should be expected to arrive the following business day.

To set up Regular USD payments

Step 1 - add Beneficiary and choose Regular payment method.  In the event that you decide to make a Swift payment in the future, you may also choose to enter the Swift payment details. 

Step 2 - add the ACH payment details.

For more details on how to set up a Beneficiary follow this link -  Add or Set up a Beneficiary to Pay