Bank transfer wire

#1

Hi,

I would know when I make a new beneficiary of a bank transfer, in the first-time I need to put the account details, then in the second-time I need to put the address of the beneficiary.

Assuming that’s correct, can I put different address of the beneficiary? (Different country of the bank)

Thanks

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#2

I believe that the beneficiary’s address is only for audit or regulatory purposes and doesn’t affect the payment at all. For the purposes of making a payment, it’s relevant only where the destination bank is, not where the account holder happens to live.

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