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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.
Citibank 111 Wall St New York NY 10043-0001 Swift Code: CITIUS33
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Ah, the IBAN, a magical combination of numbers that helps your money find its way to the right place. For Ecobank Ghana Limited, the IBAN is unique to each account and can be obtained by reaching out to the bank directly. Remember, each IBAN is like a fingerprint, ensuring your money gets to where it needs to go safely and securely.
Correspondent Bank : Bank of New York ABA Routing # : 021000018 Account # : 8033166509
The Unicredit bank austria is itself corresponding bank to it. There is no separate correspondent bank.
History about Ecobank
Ecobank was created in 1985.
The population of Ecobank is 23,355.
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