I may be paid from the US for a few months, what's the American version of BACS called? I could use paypal but they charge 4%.
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SWIFT generally.
You will also need your routing number- 9 digit number from the bottom of your cheques.
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IBAN - if you don't want them to get it wrong.Originally posted by pzz76077 View Post"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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American banks dont use the IBAN system generally.Originally posted by Moscow Mule View Post
http://answers.yahoo.com/question/in...6152806AAsp9YS
PZZComment
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I'm assuming he wants to be paid into his account here (in the UK)?Originally posted by pzz76077 View Post
In which case, his American friends should quote his IBAN when sending the MT103 via SWIFT, otherwise the bank might cock up the crediting of his account - as has happened to me when quoting just an account number/sort code.
Yanks tend not to know what to do with the sort code and get it wrong so if you use an IBAN (which is unique) they generally get it right.
Regardless of what Yahoo answers tells you, I can assure you that American banks know what an IBAN is."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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OK I can only go with my experience of being a Citibank US customer for the past 17 years, never found anyone there that knows what an IBAN number is.........Originally posted by Moscow Mule View Post
PZZComment
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* crosses Citibank off list of potential multi-currency bankers *Originally posted by pzz76077 View Post"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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I've invoiced to companies in the States before.
As above I gave them my banks SWIFT code and my accounts IBAN number and all was fine, payments took around 5 business days to clear.
PZZ, I suggest you find someone else to deal with at Citibank, in my experience they have been fine
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Still InvoicingComment
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Thanks. IBAN was what I was thinking of.Comment
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My invoices to the USA have my bank, account number, sort code, SWIFT (BIC) and IBAN numbers on them and never had a problem. USAian companies are a bit strange sometimes in paying, the current one, a very large service company could only pay by check which costs me a fair bit. A few moons ago I used to get paid bi-weekly by cheque drawn on a Las Vegas bank for varying alrge amount of sums which used to get me some strange looks at the bank when paying in“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”Comment
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