Wire transfer is the fastest mode of receiving money in your East West Bank account. You can receive money from within USA (Domestic Wire Transfers) or from a foreign country (International wire transfer). The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.
International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in USA) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.
Note: Banks in USA don’t use IBAN account number.
To receive international wire transfer in your East West Bank account, please use the following wire instructions:
Bank Name: | East West Bank |
SWIFT Code for East West Bank: | EWBKUS66XXX |
Routing Transit Number: | 322070381 |
Bank Address, City & State: | East West Bank 135 N. Los Robles Avenue, 7th Floor Pasadena, CA 91101 (regardless of where your account is located) |
Beneficiary Account Number: | Your complete East West Bank account number (including leading zeros) |
Beneficiary Name: | The name of your account as it appears on your statement |
Note of Caution on Fees: If your money transfer involves currency conversion, there is a high chance you will get a poor exchange rate from the banks and as a result pay high hidden fees. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.
Domestic wire transfers are run through either the Fedwire system or the Clearing House Interbank Payments System (CHIPS). Wire transfers are different from ACH transfers. Wire transfers are real time transfers (receiver usually get the money, same day) and costs more than ACH transfer (which takes 2-4 days for transfer of money).
You can receive funds to your East West Bank account from any bank within USA using domestic wire transfer. You need to provide the following details to sender of the funds who will initiate the domestic wire transfer through his/her financial institution.
Bank Name: | East West Bank |
Wire Transfer Routing Number: | 322070381 |
Account Holder Name: | Your Name |
Account Number: | Your Bank Account Number |
Bank Address, with City & State: | East West Bank 135 N. Los Robles Avenue, 7th Floor Pasadena, CA 91101 (regardless of where your account is located) |
International and Domestic Wire Transfer Fees for East West Bank are as follows:
International | Incoming/ Outgoing | $10 to $45 for each transaction (Your bank disclose the fee at time of transaction depending on the account type) |
Domestic | Incoming/ Outgoing | $10 to $30 for each transaction (Your bank disclose the fee at time of transaction depending on the account type) |
Apart from the wire transfer fees, if the transfer involves currency conversion, banks make money on currency conversion as well by giving retail conversion rates to you which is usually 1-2% lower than the market rate. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.
To transfer funds to an International/Domestic account from your East West Bank account, you need to fill Wire Transfer Request Form.
Note: For international wires requested after East West Bank daily cut-off time, due to fluctuations in the foreign exchange rates, international wire transfers for amounts other than U.S. currency will be estimated and processed on the next business day at the foreign exchange rate valid at that time.