Different scenarios would apply depending on what 'transfer detail' was incorrect during your transaction
.
When you make a mistake on IBAN and BIC/Swift code:
Your transfer will be rejected.
If your transfer was a Domestic currency or USD payments with Flywire, please initiate a new payment on your Expatrio portal before sending the funds for the second time. The previous payment will expire until the transfer is rejected and returned to the sender.
If the funds were sent via an international SWIFT transfer to an incorrect IBAN, the transfer will be rejected by the receiving bank. In this case, the funds will be returned to your bank account, and you will need to initiate the transfer again using the correct IBAN stated on the 05 Account Opening Confirmation.
When you make a small mistake in the recipient details, or with the reference text:
Your transfer will probably not be affected.
For international transfers, writing IBAN and BIC codes correctly is usually sufficient for our bank to allocate your transfer to your account.
In domestic currency or USD payments with Flywire all the details have to be written correctly and exactly as they are in the transfer details document.