Foreign Electronic Payments – Tax Type Codes Tax Type Codes for Individuals:Įmployer’s Annual Unemployment Tax (FUTA) DepositĮmployer’s Quarterly Employment Tax (FICA) DepositĮxempt Organization Business Income Tax DepositĪnnual Withholding Tax Return for U.S. If you have questions regarding international wiring, please contact your local office internationally for assistance.įor more information on electronic payment options, download the Publication 966, Electronic Choices to Pay All Your Federal Taxes PDF. If your foreign bank needs assistance, they may contact the Federal Tax Payment Service Customer Service at 31 (Not toll free). The financial institution may charge you a fee for the wiring service. The information from the worksheet will be needed to complete the wiring application required by the bank. Tip - Please complete the Same Day Taxpayer Worksheet PRIOR to going to your bank. IRS account RTN/ABA Number – 091036164 US TREAS SINGLE TX Heres a summary of the cost of making an international wire transfer at Bank of America: 45 transaction fee for outbound international wires.IRS account number – 20092900IRS (optional).A completed Same-Day Taxpayer Worksheet.To complete a wire transfer you will need the following information: You will need the Routing Transit Number (RTN), also known as the American Banking Association (ABA), number for the “Destination Bank”, sometimes referred to by banks as “Beneficiary’s Bank”. If your bank is able to transfer money to the U.S., it will ask you to complete an application for international wiring. Small local banks may not be able to affect an international wire transfer but most large banks can. bank does not have to be an affiliate or otherwise related to the foreign bank. Your foreign bank must have a banking relationship with a U.S. After you have completed the worksheet, take it to your bank to request international wiring. In order to complete an international wire transfer through your foreign bank, you will need to complete the Same-Day Taxpayer Payment Worksheet PDF with the proper Tax Type Code and tax period (year and/or quarter) so that the funds will be properly applied to your IRS tax liability. based payment methods, please visit the Make a Payment site. For more information on how to use the Electronic Federal Tax Payment System (EFTPS) or other U.S. Please consider other options, including paying by credit card, to avoid the high cost of international wire transfer. bank account may follow the instructions below to transfer funds from their foreign bank account directly to the Internal Revenue Service for payment of their individual or business tax liabilities.Ĭaution: Although this method of payment is available to anyone with a foreign bank account (which includes many types of financial institutions), it can be costly. If your wire transfer has been processed, you’ll see a message at the top of the screen that says, “Your transfer has been received.” Select “Transfer Activity” if you’d like to review more details about the status.International taxpayers who do not have a U.S.Once you’ve verified that there are no errors, select “Make Transfer.” Confirm that all your transaction information is correct.On the Wire Transfers page, select the Manage recipients tab. On the Transfer & Pay page, select the Send a wire transfer tile. Select Transfer & Pay from the main menu. You will also need to select the transaction date and frequency. Online and Mobile Banking: Wire Services of 21 Managing recipients You’ll navigate to wire services to manage recipients. Select your account and recipient, then enter the amount you want to send.Now that you’ve added your recipient’s information, you can go back to the “Make Transfer” tab to set up a new wire transfer.Enter the recipient’s personal information and bank details.If you’ve already added your recipient’s account previously, skip ahead to step eight. To add a recipient, select “Add Account/Recipient.” You may be asked to complete an authentication step to verify your account ownership.If you see a Service Agreement, read it through and check the acknowledgment box.Select “To/from other banks (includes wires).” Hover over the “Transfer l Zelle®” tab until you see the pop-up menu.Log in to your online Bank of America account.Whether you will send the wire transfer in U.S.IBAN or country specific account structure.Recipient’s bank routing code or SWIFT/BIC number.
Recipient’s personal information, including their country, address and bank name.Collect your recipient’s bank information.Here’s a rundown of how the process works. Of course, if you prefer a more personal touch, you can always make an in-person wire transfer at your local Bank of America branch. You can send both domestic and international wire transfers to your own accounts, businesses or others from right inside your online Bank of America account.