How does an intermediary bank work?
An intermediary bank acts as a 'middleman' in a transaction. It bridges the gap between two different bank accounts
(held by two different banks, in two different countries) to ensure smooth, speedy, and seamless cross-border payments
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What happens after I receive a payment?
Regardless of which bank account number you receive a payment into, all of your funds are immediately consolidated in your Account, under your Balances. Your Balances reflect the different currencies that you hold.
What is a proof of payment?
A proof of payment can be a receipt (either a scan, a photo or a PDF) or a screenshot from your online bank, clearly showing the following: - your details — where your name and account number are indicated and your bank’s name; - our account details; ...