Wire Transfers

CocoCommerce supports wire transfers by allowing the buyer to fax instructions from our platform directly to the buyer's bank or this form can be printed locally for the buyer to deliver or fax this form to the financial institution directly. The buyer is required to complete the outgoing wire transfer request form, which includes providing the beneficiary bank name and nine digit routing number, beneficiary name and account number. If necessary, other additional information fields such as intermediary bank name and intermediary bank nine digit routing number, other beneficiary information (OBI) and bank-to-bank information (BBI) fields are available. In addition, the buyer must provide their name and account information and their financial institution information.

Prior to using this feature, the buyer must have signed a wire transfer agreement with the their financial institution to process wire transfer received by fax from CocoCommerce or from the account holder directly.

CocoCommerce strongly recommends that the buyer require their financial institution to callback the buyer to confirm the transfer order and verify critical fields in the message. Example, dollar amount, BNF name and account number, receiving bank, etc.