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What is an Intermediary Bank?

In some cases, Flywire may provide intermediary bank details to you to make your payment with us, or your bank may request this information from you. An intermediary bank is a bank that acts on behalf of the beneficiary bank. Payments will reach the intermediary bank before being credited to the beneficiary (the beneficiary is the person or entity who will receive the payment), which is the final destination for the transfer. Depending on the currency you send us, Flywire will be the beneficiary. Please make sure to follow our bank instructions carefully. We will then process and deliver your payment to your institution.