A correspondent bank is a financial institution that acts as an intermediary to facilitate cross-border payments and international transactions.
These banks often using global networks like SWIFT for secure communication. Correspondent banks enable smooth international transactions, even when the sender's and beneficiary's banks cannot directly process payments between each other.
For guidance, our Correspondent Bank details for are as follows:
Currency | Country | Intermediary Bank | SWIFT BIC | ClearBank Identifier |
USD | United States | JPMorgan Chase Bank, New York | CHASUS33 | CLRBGB22 |
GBP | United Kingdom | ClearBank, London | CLRBGB22 | CLRBGB22 |