NEWS FROM OUR PARTNERS – Euro Pacific Bank- New USD Route available

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Euro Pacific Bank is proud to announce that they have recently achieved a significant milestone by activating a Master Account at the United States Federal Reserve Bank ( ” the Fed”)

They are currently in Phase 1, which allows them to receive a limited amount of payments manually, or offline.

Please note that Euro Pacific Bank recommend all clients continue to use our standard USD wiring instructions as the Federal Reserve levies a  $60 surcharge per payment, for using this route, which will be added to the standard wiring costs when used.

This additional charge is a result of the fact that processing through the Fed is not yet automated.

Once they reach Phase 2 and processing is fully automated, this surcharge will no longer be applicable.

If You need an ABA Number when sending USD to a Euro Pacific Bank Account, please let us know.

For more information on the different USD incoming payment options, please review the recently published article here.

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