Transactions that we create can be customized for presentation in online banking.
Depending on your transaction code template, there may be an additional prefix that is out of our control. Certain limitations with your online banking and core provider may limit how many characters will pass through to the core
Description Components
"PayRecs FX Wires" - the standard prefix, can be customized
<paymentID> max 5 chars, internally generated unique ID for payments
<bene amount> max 12 chars, the amount sent to the recipient in their currency
<bene currency> always 3 chars
<bene legal name> max 18 chars
<bene BANK country code> always 2 chars
<recip acct#> asterisk followed by 4 chars of account number
Example:
1 2 3 4 5 6 7 812345678901234567890123456789012345678901234567890123456789012345678901234567890PayRecs FX Wires F3G5X - 123456789.00CAD To ABCDEFGHCompanyLLC DE *9012
Where:
- bene legal name is cropped to 18 chars max
- bene account is 5 chars, only showing last 4, and a preceding "*" (asterisk)
- amount is maxed out to 999MM and cents (total of 12 chars for amount eg 123456789.00)