What is Correspondent bank or intermediary bank?

Most correspondent bank appears when you make an international wire transfer. If your bank does not have a direct relationship with our bank, your bank pays through correspondent (intermediary) banks. The correspondent banks make a charge for this service.

Some banks need Intermediary/corresponding bank(s) to process wire transfers, and this will result in an additional charge, the intermediary bank may deduct the fee from the payment that is why some time the amount we received is less than the mount you transferred. Please confirm with your bank if they need intermediary bank for wire transfer, if so, please add the intermediary bank fee to the remittance amount. If your bank with direct relationship with our bank that will no third bank charge occur. Our pricing does not include intermediary bank charge, and this charge should be at customer's cost.

SHANPU CO., LTD.

7FL. No.26 Sec. 2 Guodao Rd.,
Luzhou Dist.,
New Taipei city, Taiwan 24760
Tel: +886-2-89832999 Fax: +886-2-89832789
https://www.shanpu.com.tw  E-mail: info@shanpu.com.tw