Wire Transfer Checklist - Cornell University



Wire Transfer: Disbursement Voucher

For Questions – send email to cashmanagement@cornell.edu

|If you have selected the payment method of wire transfer, please be aware that there will be a wire transfer fee charged to the department: 0 for domestic wires and |

|0 for foreign wires. |

|Recurring Profile |[pic] |Waive wire transfer|[pic] |

|No.: | |fee?: | |

|1) * Bank Name: |[pic] |Additional Wire |[pic] |

| | |Information: | |

|Bank ABA Routing #:|[pic] |Addenda: |[pic] |

| | | | |

|*required for US | | | |

|bank | | | |

|* Bank City: |[pic] |2) * DV Amount | |

| | |Stated in: |Do not convert foreign currency invoices to USD |

|Bank State: |[pic] |3) * Currency |[pic] |

|*required for US | |Type: | |

|bank | | | |

|* Bank Country: | |

|4) * Bank Account |[pic] |

|#: | |

|5) * Bank Acct in |[pic] |FYI: Foreign wires may take 10-15 business days to reach their destination. |

|the Name of: | | |

| |Foreign Wires Additional Data – Correspondent Bank |

|6) * Bank IBAN # or|[pic] |Correspondent Bank |[pic] |

|CLABE (Mexico): | |Name : | |

|7) * Bank SWIFT |[pic] |Correspondent Bank |[pic] |

|Code (BIC): | |Address: | |

|Bank Sort or |[pic] |Correspondent Bank |[pic] |

|Transit Code: | |SWIFT Code: | |

| | |Correspondent Bank |[pic] |

| | |Routing Number: | |

| |Use IBAN # if available (account # is last part of|Correspondent Bank |[pic] |

| |IBAN #) |Account Number: | |

Check List:

1) Bank’s Full Name

2) Do not convert foreign currency to USD if vendor wants foreign currency – Treasury will do the currency conversion

3) Currency Type

4) IBAN # for ALL foreign banks except Mexico, CLABE # for Mexico and Account # for all US Banks

5) Beneficiaries Full Account Name

6) Bank IBAN # or CLABE (Mexico)

7) Bank SWIFT Code (BIC) for Bank listed in #1

Glossary:

Account number – the beneficiary account number – this is NOT needed if you have an IBAN.

International Banking Account Number (IBAN) - The IBAN consists of up to 34 alphanumeric characters: first the two-letter country code, then two check digits (sanity check for bank), and finally a country-specific Basic Bank Account Number (BBAN) [e.g., GB = Great Britain]

Sort code or Transit code – is a six-digit number, is usually formatted as three pairs of numbers, for example 12-34-56. It identifies both the bank and the branch where the account is held. A name given by both the British and Irish banking industry.

Swift or BIC number - The Society for Worldwide Interbank Financial Telecommunication (SWIFT) or Business Identifier Codes provide a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. For wires to Mexico, the Clave Bancaria Estandarizada (CLABE) number is distinctive to this country, 18-20 digits

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