What is a US Structured Payment and when can I use it?
A US Structured Payment is a more cost-effective way of sending US dollars to the United States. There is no limit on the amount you can send (subject to the funds being available in your account) and completion will be within five working days. If your payment is urgent, we recommend using a SWIFT payment.
Making a US Structured Payment
To make a US Structured Payment you will need to provide us with:
- The beneficiary's name and account number
- The name and address of the receiving bank
- A Fedwire/Routing/ABA code (9 digits)
- A SWIFT/BIC code (where applicable) is mandatory for online payments.
Payments to banks without a SWIFT/BIC code can only be requested over the phone.
You will also need to agree to the declaration below:
We may need to disclose limited information to third parties where reasonably necessary. This is for the purposes of the prevention and detection of crime, prosecution of offenders, for the purposes of national security or where required by law. This may mean that the information could be transferred to countries that do not provide the same level of data protection as the UK.
Please see our International Banking Tariff for charges related to this service.