Recieving funds from overseas

[Tony_SS]

Originally Posted by Sparks67

Actually, you need to find a bank that is federal bank, and they have the swift codes. Fifth Third is one bank that will have it. Majority of your banks & credit unions have state charters. http://www.swiftbic.com/
Explains in more detain on the codes. If you are receiving money, then another factor is the bank's foreign exchange rate for international transfers.
Back in 2008, people were making money on GM engines bought from Australia, because of the exchange rate. The day that you do the transfer, then check the Bank's rates. Tell, the buyer the amount that needs to send. (Exchange rates change daily and vary on banks)

Jeff

Alot of banks say they can do it, like mine, but then use a 3rd party who has a Swift code. So for the 2nd time, that 3rd party just returned the funds to the sender because they apparently had no instructions on where to direct it (to me). And we (my bank and I) tried to tell them up front.. this wire is coming, it goes to us and they wont take advance notice. So I'm trying Commerce Bank, who has their own Swift code, so it should go direct into my account. Instead of through a 3rd party.