Swift Codes, also called BIC Codes, are used for International Wire Transfers. While routing number in USA are used for domestic wire transfers, swift codes are used for incoming international fund transfers. If you want to send or receive money from outside of united states to a bank account of Merck Employees Credit Union in USA, your bank will ask for the swift code of Merck Employees Credit Union.
Important: Swift Codes or BICs of Merck Employees Credit Union are used ONLY for International Wire Transfers. If you are doing only domestic payments then you only need routing number of Merck Employees Credit Union instead of swift codes.
Some International wires require an IBAN number, but bank accounts in USA do not have an IBAN. However, you need to provide ABA Routing Number and your Account Number along with Swift Code of Merck Employees Credit Union to initiate International wire transfer.
Merck Employees Credit Union Swift Codes for International Wire Transfers
Bank Swift
Full Swift Code
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We couldn't find the Swift Code for Merck Employees Credit Union. It is possible that Merck Employees Credit Union is not connected to SWIFT network. Most of the credit unions and small banks in USA do not have the connectivity to swift network and thus does not have a Swift Code, IBAN or other international routing codes, so you can't directly receive international funds in your account with credit unions/ banks. However, there is a way around it.
How to receive International Wire Transfers when Merck Employees Credit Union doesn't have a Swift Code?
Don't worry! You can still receive international wire transfers. Sender's international financial institution should have a correspondent bank in the US (which acts as an intermediary bank) to which they can wire the money and then intermediary bank will send the money domestically (within USA) using aba routing numbers of Merck Employees. You can find the Routing Number for Merck Employees Credit Union here. Note that most international wire transfers involve a fees. Please clarify with your financial institution about the total fees (sending bank + correspondent bank) before you initiate the transfer.
Alternatively, you can also use money transfer services like TransferWise for getting best currency conversion rates with lower wire transfer fees and with no requirement of a swift code. This method can be used only for transfers upto $30,000.
