General Banking: What is an intermediary or correspondent bank?
Intermediary banks or correspondent banks are third-party banks that work with the beneficiary bank in order to complete an international transaction.
Please check with your bank to verify if your account requires an intermediary or correspondent bank in order to complete an international transaction. If your bank does require an intermediary or correspondent bank, please enter the following:
- Beneficiary Bank Details
- Intermediary/Correspondent Bank Details