An IBC customer can make a wire transfer to a foreign country/recipient by providing the name of the recipient, the address including city, state, zip code and country; the name of the foreign beneficiary bank, address, city, state, country, where recipient has their bank account and identify if the account is in U.S. dollars or in foreign currency. The IBC customer is also required to provide the ABA # of the intermediary/correspondent bank in the U.S. where the foreign beneficiary bank does business in U.S. This expedites the process of sending the wire through the proper U.S. bank. Should the ABA # not be known, IBC Bank will locate the ABA # for the foreign beneficiary bank. If the recipient's account is held in foreign currency, Foreign Exchange (FX) services are offered.
