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Incoming Wires Overview

Incoming foreign currency wires can be received and held in virtual accounts. If you do not see any virtual accounts listed under the "Accounts" Menu please follow the directions below under "Enable Virtual Account" option to request access from your bank.

Once enabled, you will be provided with wire instructions for that account (see screenshot example).

Once an incoming wire has been transferred into the virtual account, you will be notified via email, and you will be able to:

  • Use those funds to send to a recipient that you've created in PayRecs

  • Convert them to USD and send them to your own account under your bank. (See Convert to USD option below)