Create Master Recipient: wire recipient

The Wire Recipient section appears when “Wire Recipient” is selected as the Recipient Type. The section includes fields that identify the recipient and the recipient's bank.

The details that are required or optional vary with the wire payment type. Beneficiaries for international wire, Multibank, and U.S. wire payments require the same information, and these options are thus defined in a single section. Bookwire and Drawdown payments are different enough to require separate sections.

Payment Types

The types of payments for which the recipient will be available when creating new payments

Recipient ID Type

Identifies the type of ID being used for the recipient

The types are as follows:

• Account Number
• CHIPS Universal ID
• CLABE
• IBAN

Recipient ID

A numerical identifier for the recipient

The ID can, but is not required to be, the recipient's Social Security number or tax ID number.

Recipient Name

Official name of the recipient

This field is read-only and displays the selection made from the previous page.

Debit Account Name

Name of the account to be debited in the transaction

This field applies to Drawdown payments only.

Debit Account Number

Account number of the account to be debited in the transaction

This field applies to Drawdown payments only.

Address
Address Line 2
Address Line 3

The recipient's street or mailing address

The first line is typically the street number and name, or may be a post office box number.

Bank

The bank for the recipient account

Specify the bank holding the account in either of these ways:

• Select from list – Select the bank from the Preferred Bank list or Full Bank list.
• Enter bank information – Enter bank information manually, even for a bank on a list, by completing one or more of the following fields:

Note: For Book Wire payments, the bank list is limited to on-us banks.