1. Home
  2. UK Finance Discussions
  3. Nationwide cannot make a foreign payment

Nationwide cannot make a foreign payment

I am trying to get them to send money to a US company, using the following details:

ARVEST BANK ADDRESS: 502 S. MAIN MALL, TULSA, OK 74103

ROUTING NUMBER: 10xxxxxxxx ACCOUNT NUMBER: 00xxxxxxxx

The above two are all-numeric.

Previously I used to pay this company using another bank I was then with which managed it OK, but Nationwide cannot work it out.

They say they need a Swift code etc but the US company says their bank is too small to have a Swift code.

Does this make sense?

I have asked Nationwide if they can send me a Bankers Draft!

I thought that a "Bank" has a way of looking up Swift numbers, etc. if they have the bank name and address.

Reply to
Postman Pat
Loading thread data ...

Sounds like your problem is with the American side. Americans are not good at recognizing the rest of the world, and I believe that they have lots of small, regional, banks, rather than big national ones.

>
Reply to
David Woolley

I suspect that it may be down to the fact that the Nationwide is actually a Building Society which happens to offer current accounts - rather than a genuine bank.

Reply to
Roger Mills

Small banks tend to use other covering banks for international transfers. Indeed IIRC Nationwide used to use HSBC for this. It's a similar system to paying bills - you do a transfer to the account at the covering bank, who then forward it on to the account at the destination bank based on the reference which is the intended account number and recipient name.

So try ringing up Arvest Bank and ask what their arrangements are for receiving funds internationally. This page lists their BIC (bank identification code, aka SWIFT code), though I would probably double check by ringing to be sure.

formatting link

They do, but if you get it wrong the money goes to the wrong place. And a branch may have multiple BICs. Better to get the recipient to confirm it, then it's their problem if they get it wrong.

Theo

Reply to
Theo Markettos

I had no trouble sending money to my son's bank account in Australia from Nationwide, haven't tried America...

Reply to
Gordon H

If you go to

formatting link
you can look up SWIFT codes for just about any bank. I tried a search for the bank you need to send money to and it came up with a SWIFT BIC code of: ARVTUS44 Would that be what Nationwide is looking for?

Chris

Reply to
Chris Blunt

Many thanks everyone.

I have emailed the bank itself but they have predictably not replied, so I am getting the US company to confirm the full a/c number...

I have made payments to this company before, using the same details, and evidently the previous bank sorted it out. Unfortunately Nationwide is too lazy/disorganised.

Theo Markettos wrote:

Reply to
Postman Pat

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.