In this session, Janice Lee-Virnig discusses international wire transfers
Have you ever heard of the Watch List? It's a centralized list managed by Interpol to identify terrorist financing. It's one of the many stops an international wire transfer payment has to make on its route to your payee. Wire transfers are a safe way to make international payments, however they can take between 2-15 business days just for the process of bank to bank communications, and the payee may be charged fees by their bank. Plus, just like invoice processing in Banner, the wire transfer process has information and approval requirements. Please join us to learn more about international wire transfers.
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