What is the SWIFT/BIC code?
SWIFT code (Society for Worldwide Interbank Financial Telecommunication) or BIC (Bank Identifier Code) is an international code used to identify banks for money transfers across countries.
Do I need a SWIFT/BIC code for transfers in ARQ?
No, you do not need a SWIFT/BIC code for transfers within the United States via ARQ.
Transfers to or from a U.S. account are local transactions between U.S. banks.
You can send or receive funds without needing a SWIFT/BIC code.
What if my bank requests a SWIFT/BIC code?
If your bank asks for a SWIFT/BIC code, it is likely because:
The bank is not in the United States (SWIFT/BIC codes are typically needed for international transfers).
ARQ does not support SWIFT/BIC transfers.
At ARQ, we only accept ACH and domestic wire transfers from U.S. banks.
ARQ does not have a SWIFT/BIC code
ARQ only supports ACH and domestic wire transfers within the U.S.
This helps to ensure that your transfers are quick and reliable.