Asked in BankingIndonesiaSwift Codes and Routing Numbers
Swift Codes and Routing Numbers
What is the US correspondent bank for Mandiri Bank Jakarta Indonesia?
What is the correspondent bank for mandiri bank jarkarta Indonesia?
What is Bank Mandiri's correspondent bank in the US?
What is the Iban number mandiri bank in Indonesia?
What is the BSB number for Bank Mandiri in Indonesia?
Asked in Banking, Indonesia, Accounts Payable
Nomor rekening bank mandiri mardiyono raharjo di madiun jawa timur Indonesia?
What is the correspondent bank for Bank Central Asia Jakarta Indonesia?
Asked in Repossession, Cars & Vehicles, Indonesia
What are the top 5 finance companies in Indonesia?
Asked in India, Indonesia, Jakarta
How do to send money to India from Jakarta Indonesia to hdfc bank nagpur?
Swift code Bank Mandiri Indonesia?
Asked in Banking
What is the US Correspondent bank for Halifax Bank?
Asked in Banking, Swift Codes and Routing Numbers
What are international correspondent banks for unicredit bank Austria?
What is the us correspondent bank for royal bank of Scotland?
Asked in Swift Codes and Routing Numbers
Who is the us correspondent bank for Swiss post finance?
Asked in Business & Finance
What is the difference between an intermediary bank and a correspondent bank?
An intermediary bank is the bank who forwards the cash often because the original bank is a small bank that doesn't handle foreign payments. It does not keep the cash, but simply assists in the transfer of funds. The correspondent bank comes into play if the end recipient is located in a country where the currency transferred is not the native currency. For instance if you transfer USD to Laos. Then there will be a correspondent bank that covers all transfers to the Laos bank. The end bank then has an account at the correspondent bank where it has all it's foreign currency covered. Often (but not always) the correspondent bank will be a bank located in the country where the currency is native. For instance the USD correspondent banks will often be an American bank.