International Wire Transfer Steps

To send funds to a bank account outside of the Cayman Islands securely with our International Wire Transfer option, follow the steps below:

    • From the Menu Bar: Hover over Transfers/Payments on the menu list and select Transfers and Payments.
    • Select Payment Type: Select the International Wire Transfer payment type from the dropdown.
    • From Account: Select from the drop-down list the account you would like to use to transfer funds.
    • Select Beneficiary: You have the option to select a predefined beneficiary or manually enter a beneficiary.
    • Beneficiary Account Number Type: Use this field if manually entering a beneficiary account number.
      • Choose Account Number for payments to countries that do not require an IBAN e.g., USA, Canada.
      • Choose IBAN (International Bank Account Number) if your payment is going to a country that requires an IBAN e.g., UK, France, Germany. Note: all letters within an IBAN must be upper case.
    • Beneficiary Name: Enter the beneficiary’s name and address. Town Name and Country are mandatory. You can type the country name to quickly locate and select the country. Beneficiary’s Date of Birth is optional.
    • Beneficiaries Bank Routing Type: Select the routing type being used e.g., SWIFT or ABA.
    • Beneficiary’s Bank Routing Number: Enter the routing type here e.g., SWIFT code or ABA number. If SWIFT is selected, you have the option to manually enter the Routing Type or use the Advance search function to search by Swift Code, Bank Name, or Bank Country. Note: All SWIFT codes are 11 digits. If the code you are entering is 8 digits then prefill the last 3 characters with XXX to locate and select the desired bank.
    • Amount: Enter the transfer amount and ensure the desired currency is selected next to Amount.
    • Single Transfer: Select the current or a future date for the transfer to be sent.
    • Purpose of Payment: Choose a purpose from the dropdown list. You may type to search for a particular purpose.
    • Beneficiary Comments: Enter additional info for the beneficiary using no special characters such as (@, #, $, %, &, *).
    • Select Intermediary Bank if required. *Note that an intermediary bank is required when you are sending any currency other than the local currency of the destination country. For example, when sending Canadian dollars (CAD) to the United States, as CAD is not the local currency, payment must be forwarded to a Canadian intermediary bank before going to the destination country (US).
    • If SWIFT is chosen from the dropdown list next to Intermediary Bank Routing Type, please enter the Intermediary Bank Routing Number. If any other option is selected, please enter the required details.
    • Swift Settings Charges: Choose who will incur the charges by selecting Beneficiary or Ours. Our means all in-transit costs charged by CNB’s Correspondent and any Intermediary bank will be paid by the ordering customer. Beneficiary means the Correspondent and Intermediary Bank fees are to be deducted from the wire amount while in transit.
    • Next, click Submit to review the full details of your payment.

      Please note that you may also be requested to enter a one-time password (OTP) which is sent to you via SMS; or if you have a registered device, you may be asked to authorise the transaction via a push notification sent to your registered device, to complete the International Wire Transfer.

After approval, you will have the option to save this transaction as a template for future. You can also download or email a ‘Cyber Receipt’ of the transaction for your records via the Transaction Results module.