Important Announcement - Addition of USD Banking Correspondent

Malta, 2 July 2021: We are pleased to inform you that IIG Bank (Malta) Ltd (the Bank) has opened a USD (United States Dollars) account with Bank of New York Mellon New York USA (BNY Mellon)

The Bank is ensuring a seamless process for most customers receiving/depositing money and making payments/withdrawals from their USD accounts with the Bank. This communication explains what you need to do when receiving USD to your account.

USD currency payments (outgoing) - NO change from the current process. You will continue to provide us with your instructions as before the change.
For Information only: All outgoing payments/withdrawal (SWIFT MT103's), will be processed mainly through BNY Mellon and/or through Western Union Business Solutions.

USD currency payments (incoming) - YES, change and intervention is necessary.
With immediate effect, if you are receiving funds to your account/s in USD, you now need to provide the remitter with the new routing instructions. For those of you issuing invoices, you may start including the "payment instructions" immediately, since the new accounts are open to receive incoming transfers.

On every USD currency payment - Information to be given to the remitter and to include in invoices under 'payment instructions'

Incoming USD Currency payments:
PLEASE REMIT PAYMENT TO:

  • BENEFICIARY (Field 59): [Please insert your Account Name and IBAN account with IIG Bank (Malta) Ltd]
  • ACCOUNT WITH: IIG BANK (MALTA) LTD (SWIFT CODE: IIGBMTMT)
  • HOLDING ACCOUNT WITH: BANK OF NEW YORK MELLON NEW YORK USA (SWIFT CODE: IRVTUS3N)
  • DETAILS OF PAYMENT (Field 70): Please insert remittance information such as invoice/contract details

If you have any queries on the above, please do not hesitate to contact us

 


ABOUT US OUR SERVICESUSEFUL LINKSLATEST NEWSCONTACT US
LEGAL NOTICESPRIVACY NOTICESCOOKIE POLICYTERMS OF USECREDITS

IIG Bank (Malta) Ltd
Level 20, Portomaso Business Tower, St. Julians STJ4011, MaltaQui-Si-Sana Seafront, Sliema SLM3113, Malta
t: +356 2248 4500     f: +356 2248 4525     e: contact us

concept & design: marketlink.com.mt
hosting & programming: a6it.com

 
 

 

The website uses cookies so that we can provide you with a better service. By continuing to browse this site without changing your browser settings, you are automatically accepting our cookies, in accordance with our cookie policy.

[X]