The sender’s international financial institution will have a corresponding bank in the U.S. However, you can still receive the wire funds in your account. State Employees Credit Union doesn’t have a swift code and so it might not be able to receive the transfers directly. Incoming International Wire Transfer Instructions Note: Banks in USA don’t use IBAN account number. ![]() Intermediary banks are usually big multinational banks which have working arrangements with many top banks across the world. Small banks and credit unions generally don’t have this arrangement, so they use services of an intermediary bank (correspondent banks) which have this arrangement to realize the wire transfer. ![]() Usually, the receiving bank (in USA) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer. Banks use SWIFT network for exchanging messages required for performing international wire transfer. International wire transfer is one of the fastest way to receive money from foreign countries.
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