International payments

COS Explorer overview

What you will learn

✅ How to get an estimate of the exchange rate for a cross border international payment

✅ How to get a quote

✅ How to send a payment

Learn about International payments.

Before you begin

Make sure you have:

COS Explorer access

Account number of the sending Cross River account

Sending account configured by Cross River to send International Payments

Fees configured by Cross River according to your signed agreement

Get an estimate

Before committing to sending an International Payment, you can get an estimated FX rate for your desired currency. This optional step includes Cross River's spread fee charge and does not require beneficiary information.

A red asterisk (*) indicates a required field.

Go to Get Estimate in the International area.

Click Get Estimate. Enter your account number (Originator Account) in the search bar.

In the currency box enter either the dollar amount you want to send or the foreign currency amount you want the beneficiary to receive. Do not enter both values. Select a Currency.

Click Get Estimate. A currency estimate displays.

Get quote and send payment

A red asterisk (*) indicates a required field.

Go to Originate Payment in the International area.

Complete all required fields including Beneficiary Group Information details. For Priority, Yes indicates SWIFT and No indicates local rail.

Required Field	Description
Originator Account	Account number of the sending Cross River account.
Currency	Currency the customer is converting funds into. 3-letter ISO currency code.
From Amount	The amount in USD to be transferred. Leave blank if you provide a toAmount. Leave out the decimal point between the dollars and the cents.
To Amount	The amount in the specified currency to be received. Leave blank if you provide a fromAmount. Leave out the decimal point between the dollars and the cents.
Purpose	A 1-12 character code that indicates the reason for a transaction. This code is required for certain markets (countries).
Entity Type	Select Individual or Company
Country Code	Two-letter ISO country code. For a company entity, the country where it's registered. For an individual, the country where they're based.
Routing Code Type 1	This must be populated with Clabe for payments to Mexico. Both the Account Number and Iban fields must be left blank.
Routing Code Value 1	This must be populated for Mexico with an 18 digit CLABE number. Both the Account Number nad Iban fields must be left blank.
Bank Country Code	Two-letter code for the country where the beneficiary's bank account is held.
Bank Name	Name of the beneficiary's bank.

The required information, such as, account number, IBAN, BIC/SWIFT, sort code, may vary depending on the destination country of the international payment.

Complete all required fields including Originator Information details. The required fields differ depending on whether you select Entity Type Individual or Company.

If you select Individual:

Required Field	Description
First Name	First name of the originator of the funds.
Last Name	Last name of the originator of the funds.
Birth Date	Date of birth. The date is in the format yyyy-mm-dd.
Address	Address of the originator of the funds.
City	Originator city.
State	Originator state.
Country Code	Two letter ISO country code. The country where the originator is based.

If you select Company:

Required Field	Description
Entity Name	Name of the company.
Address	Address of the originator of the funds.
City	Originator city.
State	Originator state.
Postal Code	Originator postal or ZIP code.
Country Code	Two letter ISO country code. The country where the company is registered.
Identification Type	This has to be IncorporationNumber.
Identification Value	Business EIN (Employer Identification Number)

At the bottom of the screen, click Get Quote.

You will now see will see an Originate Payment pop-up which will display the Originator, Receiver and Transaction Info information. If it all look correct, click Submit to send the payment.

The FX quote is only valid for 60 seconds before it expires. If you click Submit after the quote expires you will need to go back to Step 3 and regenerate a quote.