Media type · Bridge between banks
Intermediary bank
A correspondent bank that processes a transfer between banks.
Key facts
| Role | Bridge between banks |
|---|---|
| May deduct | A processing fee |
| Typical | International wires |
| Visible | Only in the credited amount |
| Avoid | Direct or local rails |
The deduction you did not authorise
Intermediary deductions are taken in transit. The sender's bank may not know the amount in advance. For predictable costs, use a route with a direct or local payout.
Frequently asked questions
How many intermediaries can there be?
Usually zero to two, depending on the banks and the corridor.
Can I specify the intermediary?
Sometimes, through the sending bank. It is usually a business-to-business option.