Fedwire / SWIFT

B2B and B2C

Field	Details
Supported Modes	B2B, B2C
Supported Currencies	USD
Network Participant	Fedwire (Federal Reserve) / SWIFT
Channels	SWIFT-participating banks globally, routed via Fedwire
Cutoff for Initiating Payout	Open: 9:00 PM ET (previous business day) / Effective close: 6:00 PM ET / Early closure days: 2:00 PM ET
Mandatory Data Requirements for Merchant / Entity	Business: Registration Name, Type, Registration number, Registration date, Registration address, Email, Phone number. UBO: First name, Last name, ID (National ID / Passport), Date of birth, Ownership %, Roles, Address, Phone number, Email
Mandatory Data Requirements for Beneficiary	Account holder name (as per bank account), Account number, Bank name, ABA code
Beneficiary Statement Narrative	Ultimate Remitter name + memo / transaction description field (not guaranteed — subject to recipient bank)
Limits	1,000,000 USD per transaction
Settlement Time	Same day (if initiated within cutoff)
Rail Availability	Mon–Fri, US business days

Note on cutoff times:

Early closure at 2:00 PM ET may occur on any business day (including Fridays) preceding a US federal holiday.
Payouts initiated after the effective cutoff will be processed on the next available business day.
Final delivery to the beneficiary is subject to the receiving bank’s processing timelines and may vary by country.

Mandatory Data Fields Reference

The following fields are required for merchant payout initiation.

Merchant / Entity Requirements

Entity

Field	Description
name	Legal entity name
type	e.g. Company, LLP etc
Registration number	Company registration / incorporation number
Registration date	Date of incorporation
Registration address	Registered address of the entity
Email	Entity contact email
Phone number	Entity contact phone number

UBO (Ultimate Beneficial Owner)

Field	Description
first_name	UBO first name
last_name	UBO last name
ID	National ID or Passport number
date_of_birth	Format: DD-MM-YYYY
ownership_percentage	Ownership stake held by this UBO
roles	e.g. director, shareholder, beneficial_owner
Address	UBO residential address
Phone number	UBO contact phone
Email	UBO contact email

Beneficiary Requirements

The following fields are required for the beneficiary:

Field	Description
Account holder name	Name as it appears on the bank account
Account number	Beneficiary bank account number
Bank name	Name of the receiving bank
ABA code	American Bankers Association routing number (9 digits)

B2B and B2C