Earnings and International Payments

Earnings and International Payments Please know that as of January 1, 2008 all payments to international users will require the payee to complete and return an IRS Form W-8BEN or 8233 (for non-U.S. individuals), related to country of residence.

45

63

NACHA approved an amendment to the NACHA Operating Rules that will require all international payments made via the ACH Network to be identified as International ACH Transactions using a new Standard Entry Class (SEC) Code—IAT.

0

0