Correspondent Banks vs. Intermediary Banks

An intermediary bank needs to be used when you are sending any currency other than the local currency of the destination country.

詞條. intermediary bank. 中文. 中間銀行；中介銀行；代收行. 解釋. 從其他銀行接受票據托收〔collection〕並將其委託給第三方銀行托收的銀行，亦指除存款銀行或付款 ...

An intermediary bank is a financial institution acting as a middleman between the sender and the receiving bank in an international wire transfer.

Generally, intermediary banks are members of the SWIFT network, supporting other member banks with every cross-border transaction they perform.For example, if ...

Both correspondent and intermediary banks are third-party banks, and are used by beneficiary banks to execute international fund transfers and transaction ...