Tuesday, September 27, 2011

What is the corresponding bank for Mitsubishi Tokyo UFJ Bank?

Question:


I'm trying to wire money to a new account but I don't know what bank is the corresponding bank for Mitsubishi Tokyo UFJ Bank.

Answer:


They have roughly 3,300 Correspondent Bank Arrangements.

But generally when you wire money you generally don't need to worry about that the corresponding bank is (if any).

So if you need to wire something from your bank to UFJ, just enter your UFJ account information and the rest is handled without your involvement. For example you need to send something from Bank of America to UFJ, just enter your UFJ account information for the transaction.

The same goes the other way around, for example if you need to send something from UFJ to bank of America, just enter the BofA information.

Generally you do not need to worry about the middlemen or corresponding banks.

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