Wires

What is a SWIFT/BIC?
A SWIFT code is an international bank code that identifies particular banks worldwide. It's also known as a Bank Identifier Code (BIC). COS does not currently support the ability to originate or receive SWIFT messages.

Can I originate or receive international wires?
COS currently allows the ability to originate and receive international wires in USD. All inbound and outbound international wires require the use a domestic intermediary bank. It is important for partners to contact the beneficiary bank to obtain the appropriate wire transfer instructions.

What are the wiring instructions to receive funds in my COS account?
Routing Number: 021214891
Account Number: your COS account number or subledger
Bank Address: Cross River Bank, 885 Teaneck Rd, Teaneck, NJ 07666

What bank information do I use for the beneficiary?
It is important for partners to contact the beneficiary bank to obtain the appropriate wire transfer instructions.

If I originate a wire payment and the receiver's account is within COS, will COS automatically convert my request into an internal transfer?
No, COS will treat this as a wire payment which will be forwarded to the Fed.

If a wire is originated after my cutoff time will it still get processed on the same day?
Wires received by CRB after your contractual cutoff time are generally be processed the following business day.

If receiverRoutingNumber is invalid, will CRB reject or return the wire?
You will receive a synchronous error response to the origination request indicating that the routing number is invalid.