• Intermediary bank name (if available) or Bank ABA Routing code

I am expecting an overseas swift transfer to my account and the issuance bank needs either of the above (intermediary bank name or Bank ABA Routing code).

    @Engy-Lime-Leopard#167181 ABA is a code for US banks, so that‘s irrelevant in case of bunq. Also, bunq doesn‘t work with any intermediary banks, so they would need to send the transfer directly to them. Also, be aware that bunq does only accept Euro payments. You cannot receive any other currencies (including USD) through a Swift transfer at bunq, so the account at the sending bank has to be in Euro or the sending bank would have to convert to Euro themselves. If they sender bank says that an intermediary bank, then that could indicate that they‘re unable to send a payment in Euro by themselves.

      3 years later

      Are you serious? This is 2023 and BUNQ does not allow its clients to receive USD payments? Wow!

        @New-Pink-Salamander-167487046#277061 You can actually (with an USD local currency sub-account) receive USD payments via both SWIFT and domestic transfer. If the other person uses a bank in the US, they don't even need to send an international transfer to reach your bunq account.

          @Jakob-Y Is there any documentation about that somewhere I can find? I was aware that USD accounts could receive SWIFT and Fedwire, but not about ACH. Is there a complete list of capabilities for local currency accounts that I can look at to get information before opening one?

            @Gerhard-Yellow-Frog#277160 There's this article: https://together.bunq.com/d/48907 However it seems like it may be out of date in regards to USD accounts. I have been using ACH transfers already for some months now. As for Fedwire, I haven't tried that and didn't know that this is also supposed to work. I know that Currencycloud offers support for both in general, but in the context of bunq my understanding so far was that they only support ACH.

            For all currencies other than GBP and USD, there is no support for domestic payment networks at the moment. Just SWIFT.

              19 days later

              I have a series of payments from UK comming and the first one was rejected due to 'we are unable to obtain an Intermediary institution for the Beneficiary Bank' and as I am based out of Austria the 'local currency account' feature is not available here. While I like Bunq, seems I am forced to move to another bank.
              --> just wanted to highlight that there are more people facing this challenge.

                @Christian-Turquoise-Butterfly-3863428423#277852 I'm sure bunq is always looking into possibilities of expanding support for Local currencies to more countries. If that were to happen, it should solve the problem. For now, instead of just using a whole nother bank, you could also just use Wise. They make it easy to receive GBP transfers, you get your own domestic UK banking account number that you can give out to people. After you received the money, it's then easy to convert to Euro and transfer via SEPA to any bank inside the Eurozone.

                  4 months later
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