Outgoing Wires Helpful Tips

The beneficiary's name and address must be an exact match to the information on their account, including any initials in the name or numbers in the address. Please note P.O. Box information is not permitted.

Wire Transfer fees are incurred on incoming and outgoing transfers. However the sender has the option of instructing the bank to allocate the associated correspondent bank charges to the:

• Beneficiary (BEN) - fees will be incurred by the beneficiary or receiver of the funds.
• Shared (SHA) - Fees will be shared between the sender and receiver of the funds.
• Ordering Customer (OUR) - fee swill be charged to the customer

Select the currency and the amount of funds to be transfered. Remember to make provision for any associated fees which will be deducted from the transferred amount. Please view ECAB’s Schedule of Charges on www.ecabank.com

When sending funds in a currency other than the currency of the beneficiary country, you must submit the intermediary bank information. Ensure to confirm this information with the beneficiary. You will need the Intermediary Bank’s:

• SWIFT Code/ABA or Routing Number
• Full name, address and country

These sections are mandatory to ensure wires are not delayed or returned.

Canadian Wires

• A Canadian Clearing Code is required for Canadian wires and must be entered in the IBAN field.
• The Postal Code must be included in the address field for Canadian wires

GBP and EUR Wires

• IBAN numbers are mandatory to send wires in GBP and EUR currencies.

• Special characters, symbols or punctuation marks should not be used when completing wire order forms. They will generate a validation error causing the wire to be delayed or returned.
• Note that “XXX” should not be placed at the end of the Swift Code for the Beneficiary orIntermediary bank.