Wire Transfer Update
We would like to inform you of important changes to the wire transfer process. As part of Federal Reserve Bank FedWire updates, Wire Transfers are being updated to the ISO 20022 standard on July 14, 2025. When placing Wires online, you'll notice a new format with updated terminology and additional information.
To help with this transition, the previously used terms are included in parentheses next to the new terms. For example, the screenshot below shows the previous term of "City" in parentheses with the new term "Town Name" next to it.
Business Banking
Below is a list of some key terms that are being changed. For Treasury Management wire procedures, please click here. If you have any questions, please come by the branch or call 1-866-246-2400.
FAIM format
|
ISO20022 format
|
| Beneficiary | Creditor |
| Originator | Debtor |
| Originating Bank/Sending Bank | Debtor AND Instructing Agent |
| Beneficiary Bank | Creditor Agent |
| Domestic Intermediary | Instructed Agent |
| International Intermediary Bank | Intermediary Agent |
| Routing Number | Agent ID |
| Reference Number | End to End ID |
| Address Line 1 | Building Number and Street Name |
| Address Line 2/3 | Department, Sub Department, Building Name, Floor, Room, Town, Location Name, District Name, Post Box |
| City | Town Name |
| State | Country Sub Division |
| Zip Code | Post Code |
| Country | Country |
| Account Number | Account Number |
| Amount | Amount |
| Additional Information | Remittance Information |
| Purpose | Purpose |