Receiving Wire Transfers
Funds sent to you electronically are available much more quickly than funds sent by foreign cheques or draft. In order to receive funds by wire, you will need to let the sender know our banking information (standard settlement instructions), the exact beneficiary account name, account number and address.
Standard Settlement Instructions (SSIs) to Receive Wire Transfers into your Butterfield Bank (Cayman) Limited bank accounts.
If you will be receiving funds by wire transfer into your Butterfield account, you will need to provide the sender with our Correspondent Bank routing details for the currency being sent. For example, if Pounds Sterling (GBP) are being sent to a US Dollar (USD) account, use our GBP Correspondent Bank. When the funds are received by Butterfield, they will be converted from GBP to USD using the day’s exchange rate and credited to the USD account.
Please use our Standard Settlement Instructions (SSIs) below for the currency being sent. If these instructions are not used, the payment may be delayed, fail to reach your account, or be charged additional fees.
- All payments must include the beneficiary's account number, beneficiary account name, and beneficiary address.
- Butterfield reserves the right to change these instructions without prior notification.
Please be advised that effective Monday, 18 May 2020, routing information for inbound wire payments in several currencies will change. Please provide parties sending wires to your Butterfield account(s) with the new payment instructions, as use of out-of-date routing information will result in rejected and returned wires. For your convenience, we have provided both the current instructions and the new instructions to be used beginning 18 May 2020.
Standard Settlement Instructions - Effective Monday, 18 May 2020