Wire transfers provide the fastest way for your business to send money electronically, to both business and personal accounts, in the US and around the globe.
Wire transfers provide same-day, near-immediate transfer of funds (unlike ACH which provides next-day transfer of funds).
You could benefit from establishing a relationship with the Old National Bank Foreign Exchange (FX) Department. Along with helping clients make and receive payments in foreign exchange, we can assist with ways to mitigate exchange rate risk. Contact our FX Department directly at 1-800-704-3084.
Wires going to foreign countries require different numbers depending on the receiving foreign country.
1. For international wires you may need a country-specific account structure, for example a CLABE for Mexico or an IBAN. Other countries might require a SWIFT Bank Identifier Code or a National ID with the recipient’s account number.
2. All wire transfer payments should include a SWIFT Bank Identifier Code or a National ID as applicable, and for participating countries the beneficiary’s International Bank Account Number (IBAN). Mexican banks require a CLABE number in addition to the SWIFT BIC.