How to Complete the Wire Transfer Form

Modified on Tue, 21 May 2024 at 04:53 PM

For creditors who have the opportunity to receive their claim distribution via a bank wire transfer, the Wire Transfer Form must be accurately completed and signed by the creditor. To help creditors complete the form, please find the following recommendations and instructions below.


It is recommended you use a desktop web browser when completing the electronic form. If using a mobile device, we suggest reorienting your screen horizontally.


Notify your bank

We strongly suggest contacting your bank to ensure the information you provide is accurate and sufficient to receive a USD wire transfer from the United States.


In some cases, a reference or additional banking information may be required for your wire to be properly routed to your bank account. Provide that information in the form, under the “Additional 1-4” Bank Data fields provided.


Adhere to the Bank Data Requirements

In the Wire Transfer Form, there are specific data requirements outlined for the information creditors need to provide in each field. The information you provide in the Wire Transfer Form must follow the outlined requirements as it is electronically submitted to the issuing bank. 


Do Not Exceed the Character Limits

Every item has a character limit designated in the Wire Transfer Form. For example, the "Beneficiary Name" has a limit of 35 characters, meaning the name that you provide cannot exceed 35 characters. If you provide more than 35 characters, we will only accept the first 35 characters. 


Providing the Correct Information in the Designated Field

Every field is designated for specific information related to your banking information and should be correctly provided. For example, there is a specific field for you to provide your Beneficiary Bank Account #. If you provide the wrong information or include additional information that is not mentioned, it will not be accepted.


Account # Type: IBAN or Other

You must identify whether your Account # Type is IBAN or Other. This field should only have “IBAN” or “Other” designated.

  • IBAN is an International Bank Account Number that includes specific information used for international money transfers.
  • In all other cases, please write “Other.” This includes all other bank account types including Checking, Savings, Personal, Business, etc.


ABA and SWIFT

To identify your bank routing number, you must provide either a SWIFT code or an ABA number. Note that your Celsius claim distribution wire transfer will be coming from the United States, so please choose the appropriate bank routing number. 

  • ABA numbers are 9 characters (numeric only) and are used when you transfer money within the United States.
  • SWIFT codes, sometimes referred to as BIC codes, are 8 or 11 characters (alpha and numeric) and are used when you transfer money outside of the United States.

 

Country Codes

As mentioned in the Wire Transfer Form, when you provide "Country," you must only provide the Alpha-2 country codes format. Alpha-2 country codes can be found on the IBAN website

Example: If you live in Australia, the country code you provide should be "AU."


Additional Banking Information

If your bank instructs you to provide more information beyond the data fields that are being requested in the form, please use the fields "Additional 1" - "Additional 4". For example, you may need to provide a Reference # or For Further Credit (FFC).

 

Beneficiary Name matching your Celsius Creditor Name

For identification and security reasons, the "Beneficiary Name" you provide in the Wire Transfer Form must match the name associated with your Celsius creditor claim. This applies to all creditors, including both individual and corporate accounts.

Example: Beneficiary Name: “John Smith” will not be acceptable in the event the Creditor’s Celsius Account information is Creditor Name: “ABC Industries LLC.”

 

In some countries, the First (given name) and Last Name (surname) are ordered differently. Under "Beneficiary Name" you should provide the order which is applicable in your language. We will accept the Beneficiary Name in this case, so add the "Beneficiary Name" that will be accepted by your bank.

 Example: Your name as listed with Celsius is "John Smith", but should read "Smith John". Beneficiary Name: "Smith John" will be accepted.

 

Intermediary Bank information is Optional

In some cases, international wire transfers require routing your transaction through an intermediary bank. This is not always required and depends on the banking partner you use. Contact your bank to ensure the information you provide is accurate and sufficient to receive a USD wire transfer from the United States.



Sample of Wire Transfer Form 

For illustrative purposes, please see an example with sample data below:


**Sample Celsius Creditor Name: ABC Industries LLC


Bank Data

Bank Data Requirements

Sample Information

Account # Type

“IBAN” or “Other” only

Other

Account #

Alpha (A-Z), Numeric (0-9), 

35 characters max

012345678910

Routing Type

“ABA” or “ SWIFT” only

ABA

ABA Routing #

 Numeric (0-9), 

9 characters max

123456789

or SWIFT Routing #

 Alpha (A-Z),  Numeric (0-9), 

11 characters max


Bank Name

Alpha (A-Z), Numeric (0-9), 35 characters max

Bank of Bank

Bank Address 1

Alpha (A-Z), Numeric (0-9), 35 characters max

1010 Main Street

Bank Address 2

Alpha (A-Z), Numeric (0-9), 35 characters max

Suite 100

Bank Address City 

Alpha (A-Z), Numeric (0-9), 35 characters max

New York

Bank Address State

Alpha (A-Z), Numeric (0-9), 35 characters max

NY

Bank Address Zip

Alpha (A-Z), Numeric (0-9), 35 characters max

10044

Bank Address Country

Alpha-2 country codes only

US

**Beneficiary Name

35 characters max

ABC Industries LLC

Beneficiary Address 1

Alpha (A-Z), Numeric (0-9), 35 characters max

212 Adams Street

Beneficiary Address 2

Alpha (A-Z), Numeric (0-9), 35 characters max


Beneficiary Address City

Alpha (A-Z), Numeric (0-9), 35 characters max

New York

Beneficiary Address State

Alpha (A-Z), Numeric (0-9), 35 characters max

NY

Beneficiary Address Zip

Alpha (A-Z), Numeric (0-9), 35 characters max

10044

Beneficiary Address Country

Alpha-2 country codes only

US

Additional 1 (if needed) 

Alpha (A-Z), Numeric (0-9), 35 characters max

Transit #: 12345

Additional 2 (if needed)  

Alpha (A-Z), Numeric (0-9), 35 characters max

FFC: XYZ Trust (Acct 01234567890)

Additional 3 (if needed)  

Alpha (A-Z), Numeric (0-9), 35 characters max


Additional 4 (if needed)  

Alpha (A-Z), Numeric (0-9), 35 characters max


(If Needed) INTERMEDIARY BANK INFORMATION 

Bank Data

Bank Data Requirements

Sample Information

Intermediary Bank Routing Type

“ABA” or “ SWIFT” only


Intermediary ABA Routing #

 Numeric (0-9), 9 characters max


or Intermediary Bank SWIFT Routing #

 Alpha (A-Z),  Numeric (0-9),  11 characters max


Intermediary Bank Name

Alpha (A-Z), Numeric (0-9), 35 characters max



**Beneficiary Name must match the Creditor’s Celsius Account Name


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