How to receive a wire payment?

Fergie89

Hi all.

I'm due to be paid by a company that insists on wire payments. They have sent me a form to be filled in, and I want to be absolutely sure I get the information correct.

Beneficiary name (my name)
Account number (my eight-digit number)
Bank name (do I just put 'Barclays'? or Barclays PLC or something more precise?)
Routing/ABA/Swift (just my sort code here?)
Other details (anything need to go here?)

Such a newbie-ish question, but I want to be sure that the payment doesn't fail because of a minor detail.

Thanks for any help!

jjlandlord

As they require Swift, etc. I take they are overseas. Are they?

If you don't know it, you can ask your bank for the swift, then you should put you sort code and account number as "account number"

If in Europe the paying party should alternatively be able to use your IBAN (international bank number)

Fergie89

Yes, they are based in the Netherlands.

MME_2

You need from Barclays your IBAN and BIC. Just ask them, they will know exactly what you mean. Also usually need the bank address.

Fergie89

Thanks guys, much appreciated. Managed to get my IBAN and BIC codes. I have a follow-up question: should the bank address be that of my local branch?

MME_2

Your account holding branch. Should be on your bank statement.

melbell

Did you get an unsolicited email offering you easy cash?

As the questions sound very Nigerian 419-ish

Fergie89

Heh heh, no, it's all above board, but thanks for the concern

mgdavid

Fergie89 wrote: »

Thanks guys, much appreciated. Managed to get my IBAN and BIC codes.....

I do hope this didn't cost you much effort - as the details you need are shown in your online banking...

missile

Wire payments are far safer cheaper and quicker than any other method of payment.