USD to GBP Banking

Twodogsalex

I have shares in a US corporation from which I receive cheques (checks) for dividends etc.
I currently Bank with Barclays. 
I would like to get my payments payed direct into my bank account. To do this the corporation needs a "routing number" and account number. I cannot find a routing number. 
Any advice greatfully received. 
TIA.

Olinda99

the  ach routing number is for us banks

Daliah

Try a multi-currency account at wise.com or at Fineco bank

Brie

This is likely due to the fact that in the US banking is done differently than in the UK and the majority of the rest of the world.  If you ask Barclays they should be able to provide you with the details of how to get the money routed to you.

Normally you would be paying money via SWIFT and using an IBAN.

Your IBAN will be something like GB13BUKB20161312345678 with the first 2 indicating the currency/country, next bit is a sense check, then the bank (BUKB = Barclays UK) and then your sort code and account number.  

The routing number is like to be the Barclays SWIFT code for their US banking arm.  So BARCUS33 or similar.

The company paying dividends will need to send the money to the US SWIFT code and then on to your IBAN in the UK.

Daliah

You don‘t want to mess about with foreign currency deposits into a tradtional UK bank as you are not likely to get the best deal that way.

With multi-currency accounts, you get the respective account details for the country of currency you receive, and you exchange your foreign currency yourself, at the best possible rates.

PRAISETHESUN

+1 for Wise. They will provide you with a domestic US account which you can elect to receive USD into, and then convert to GBP at a much more favorable rate compared to Barclays.

[Deleted User]

Brie said:

This is likely due to the fact that in the US banking is done differently than in the UK and the majority of the rest of the world.  If you ask Barclays they should be able to provide you with the details of how to get the money routed to you.

Normally you would be paying money via SWIFT and using an IBAN.

Your IBAN will be something like GB13BUKB20161312345678 with the first 2 indicating the currency/country, next bit is a sense check, then the bank (BUKB = Barclays UK) and then your sort code and account number.  

The routing number is like to be the Barclays SWIFT code for their US banking arm.  So BARCUS33 or similar.

The company paying dividends will need to send the money to the US SWIFT code and then on to your IBAN in the UK.

This info is incorrect. 
 
ACH is a domestic US payment system and will require domestic US banking details. They don't use EU style IBANs and their routing number (akin to a UK sort code) is often different for ACH payments than international payments.

ACH doesn't use SWIFT code or BIC either. The US company may not even support SWIFT (often called in the US international wire transfers)  

Wise is the only UK ACH option that I'm aware of. 

eDicky

Twodogsalex said:

To do this the corporation needs a "routing number" and account number. I cannot find a routing number.

This indicates that the corporation will only pay you (other than by cheque) by domestic transfer into an account with a US bank, presumably in your own name.

So if you don't have such an account in US, from which you could then transfer funds to UK yourself, the only option I know of which provides one is Wise, as mentioned.

Forget about asking Barclays, using SWIFT, IBANs and such guff.

sausage_time

+1 for Wise.  With this, you get a "virtual" US Bank account in your name with ACH Routing details.   From there you can convert and transfer directly to your UK bank with your sort code and account number.  

https://wise.com/help/articles/2827506/how-do-i-use-my-usd-account-details