Payment Reason
Why is a Payment Reason required for my wire request?
Inclusion of a payment reason is mandatory for all international wire requests. Omission of it may result in delays or rejection of your wire transfer.
What are some examples of a Payment Reason?
Payment reasons vary widely in scope and should articulate your reason for requesting the wire. Some examples include the following: family remittance, personal remittance, salary remittance, business remittance, mortgage payment, tuition, and transfer of funds as a gift.
Payment ReasonWhy is a Payment Reason required for my wire request?Inclusion of a payment reason is mandatory for all international wire requests. Omission of it may result in delays or rejection of your wire transfer.What are some examples of a Payment Reason?Payment reasons vary widely in scope and should articulate your reason for requesting the wire. Some examples include the following: family remittance, personal remittance, salary remittance, business remittance, mortgage payment, tuition, and transfer of funds as a gift.
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