Supported UK Funding Banks - Concur Training



Supported Funding Banks in Sweden for Direct Debit via Reverse Wire

Following is the list of banks in Sweden that Expense Pay supports using the Direct Debit via Reverse Wire funding method. A client may use any of these banks in Sweden to fund payments for the Expense Pay EMEA – Sweden service.

All client funding bank accounts must be Sweden-domiciled SEK accounts.

|Bank |Clients in Production |Form Required by Client’s Bank1 |

|Bank of America | |Third Party Authorisation (TPA) Letter |

| | |Amended IAA |

|Citibank Sweden |√ |MT101 Receipt of Instructions Agreement |

|Danske Bank |√ |MT101 – Request for Transfer |

|Nordea Bank AB |√ |Request for Transfer Agreement - Request for Transfer Service |

|Royal Bank Of Scotland N.V. (Nordic) |√ |Client should request the SWIFT Request for Transfer (MT101) Service |

|SEB (Skandinaviska Enskilda Banken) |√ |MT101 – Request for Transfer |

|Svenska Handelsbanken AB |√ |MT101 – Request for Transfer |

1 The client’s bank will require an authorization form to be completed and signed by the client. The form varies by bank and is provided to the client by their bank upon request.

Concur will debit the client’s SEK-denominated funding bank account in Sweden via SWIFT MT101 reverse wire rather than direct debit. In order to do that, the client’s funding bank must have the ability to perform a reverse wire. The client is required to have an authorization in place between Concur’s bank partner, Bank of America Merrill Lynch and the client’s funding bank. Concur’s bank vendor has the ability to do reverse wires for funding with the following major banks in Sweden.

Contact Information

Some banks in Sweden may require contact information at Bank of America (Concur’s bank, referred to as the “Forwarding Bank” in the MT101 agreements and setups). Following is the information you may provide to your clients.

|Customer: |You are the customer. |

|Executing Bank: |This is your bank; the bank that is requesting that you complete their authorisation |

| |form. |

|Instructing Party: |CONCUR TECHNOLOGIES (UK) LTD. |

|Instructing Party Address: |Sygnus Court |

| |22-32 Market St. |

| |Maidenhead |

| |SL6 8AD |

| |United Kingdom |

|Forwarding Bank: |BANK OF AMERICA |

|Forwarding Bank’s SWIFT: |BOFAGB22 |

|Forwarding Bank branch address at which Concur holds|Bank of America Merrill Lynch |

|their account: |2 King Edward Street |

| |London |

| |EC1 1HQ |

| |United Kingdom |

|Forwarding Bank’s Contact Details: |Bank of America Merrill Lynch |

| |26 Elmfield Road |

| |Bromley |

| |KENT |

| |BR1 1WA |

| |United Kingdom |

| | |

| |Attention: |

| |Tom Preston |

| |Implementation Advisor |

| |EMEA Fulfillment, Service & Operations |

| | |

| |Bank of America Merrill Lynch International |

| |26 Elmfield Road, Bromley, Kent, BR1 1LR, UK |

| |+44 208 313 2032 |

| |E-mail: thomas.e.preston@ |

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