A successful international wire transfer requires accurate foreign bank and account information. To assist credit unions in obtaining and validating this information, we have summarized the standards for SWIFT bank identification codes and international bank account numbers (IBANs) in this new reference card. Using valid bank codes and account numbers will facilitate the submission of international transfers via SunCorpís International SunWires System. Complete details on the system are available in the Userís Guide located on the International SunWires homepage in the SunCorp Application Portal.
If you have questions about international wire transfers or SunCorpís International SunWires System, please contact your Business Development Officer or our Member Services Department.
ACH Compliance and Audit Reminder
With the increased emphasis on risk management and compliance in the ACH System due to rapid growth, it is more important than ever that your credit union maintain compliant with the ACH rules and regulations. ACH compliance not only meets regulatory and audit requirements, but also ensures that your members are receiving the best member service as well. SunCorp provides many resources to assist with your ACH compliance and audit tasks.
The ACH News & Information page on our website includes links to many operational and compliance documents such as the sample ACH audit worksheets and report. From that page, you can also order the NACHA Rule Book, download our Chart of ACH Codes, or access an updated copy of the sample Written Statement of Unauthorized Debit form used for processing unauthorized or disputed entries.
Again this year, we will be offering live webinar training sessions reviewing major ACH compliance topics and our sample audit materials. These expanded two-hour sessions will include interactive discussions among the participants who are expected to have a basic knowledge of the ACH System. The next webinar is scheduled for July 17th with more sessions to come later in the year. Session registration is now available from our Online Learning Center.
If you have any questions about our ACH compliance resources or training options, contact Ed Beck, Training & Education Specialist at 720.540.4648 or email@example.com.