1. What is a SWIFT transfer?
A SWIFT transfer is an international bank transfer made through the SWIFT network, allowing money to be sent securely between banks around the world. To receive a SWIFT transfer, it's essential for the sender to correctly fill out the SWIFT form at their bank.
2. What information does the sender need to complete the SWIFT form?
When filling out the SWIFT form, you will need to share with the sender the following information:
SWIFT code of the receiving bank
Bank name and address
ABA Routing Number (if required)
Recipient name
Recipient account number
Transaction note/memo
3. How should my sender fill out the SWIFT form to make sure I receive the transfer?
It’s important that each field on the form is filled out correctly. Here’s a step-by-step guide:
Recipient Name:
Enter Regent Bank as the recipient's name.
Recipient Account Number:
Enter 10135 as the recipient's account number.
Recipient Address:
Enter 7136 S. Yale Ave., Ste 100, Tulsa, OK 74136, US.
SWIFT Code:
Enter BBOKUS44.
Bank Name and Address:
Enter The Bankers Bank, 9020 N. May Avenue, Ste 200, Oklahoma City, OK 73120, US.
ABA Routing Number:
Enter 021000018 (if required).
Transaction Note/Memo:
This is one of the most important sections. In this field, you must enter:
FFC: [Your Name] & [Your GrabrFi Account Number]
Example: FFC: John Doe & 123456789
4. Why is the Transaction Note/Memo field so important?
The Transaction Note/Memo field is critical because it informs Regent Bank where to transfer the funds after they are received. The Bankers Bank, identified via the SWIFT code BBOKUS44, acts as the intermediary bank that first receives the transfer. The memo ensures that Regent Bank knows exactly which GrabrFi account should be credited with the funds.
5. Who can I receive a SWIFT transfer from?
You can receive a SWIFT transfer from:
An employer or client that's sending you a payment from their business account
Another personal account you own, allowing you to transfer money between your own accounts
6. Who should I contact if my transfer is delayed or not received?
If you encounter any issues or delays with your SWIFT transfer, please contact GrabrFi's support team. Share with us your transaction details so we can help resolve the issue quickly.
7. Summary of the key points:
Always use Regent Bank as the recipient's name.
Enter 10135 as the recipient's account number.
Your name and account number should only go in the Transaction Note/Memo field.
The Bankers Bank acts as the intermediary bank, so it's important the memo field is filled with your name and account details, so Regent Bank can credit your GrabrFi account.
Double check all details before submitting the form to avoid errors.
8. Example SWIFT form:
Recipient Name: Regent Bank
Recipient Account Number: 10135
Recipient Address: 7136 S. Yale Ave., Ste 100, Tulsa, OK 74136, US
SWIFT Code: BBOKUS44
Bank Name and Address: The Bankers Bank, 9020 N. May Avenue, Ste 200, Oklahoma City, OK 73120, US
ABA Routing Number: 021000018 (if required)
Transaction Note/Memo: FFC: John Doe & 123456789
By following these instructions carefully, you can ensure that your incoming SWIFT transfers are processed smoothly and without delays.
9. Need more help?
Have more questions or need help? You can reach out to our support team at [email protected] anytime.