Important: Additional Information Required for International Wire Transfers
When requesting wire transfers to certain countries, additional banking details are required to ensure successful processing. Please review the specific requirements for each destination below:
Costa Rica
For wire transfers to Costa Rica, the recipient must provide their Cedula Juridica (legal identification number assigned by the National Registry). This number serves a similar purpose to the Employer Identification Number (EIN) or Tax ID used in the United States.
United Kingdom
Transfers to the UK require a Sort Code, which is a six-digit number used to identify the recipient’s bank and branch. This code is typically formatted as three pairs of numbers (e.g., 12-34-56) and can be obtained directly from the recipient or their bank. It is a critical component for routing the funds correctly within the UK banking system.
Canada
When sending funds to Canada, you must include the recipient’s Transit Number. This is a nine-digit number that functions similarly to a U.S. routing number. It identifies the specific financial institution and branch where the recipient’s account is held. The transit number ensures accurate and timely delivery of funds.
Brazil
For transfers to Brazil, the recipient is required to provide their Cadastro de Pessoas Físicas (CPF) number. This is an 11-digit tax identification number issued by the Brazilian government to individuals. It is mandatory for financial transactions and is used to verify the identity of the recipient.
Note: Providing incomplete or incorrect information may result in delays or rejection of the wire transfer. To ensure smooth processing, please verify that all required details are accurate and complete, and submit them along with the MGIC Payee Bank Details Verification Form when requesting the wire transfer. Please be sure to send this highly sensitive data through UMB-approved secure transmission methods. Contact the Globalhub@umaryland.edu if you have any questions
