Verto-Issued IBAN Overview
This account gives you a Verto-issued IBAN to receive international payments via SWIFT. Your account details are issued directly by Verto, with Standard Chartered Bank acting as the correspondent bank that clears the payment into your account.
Supported payment scheme
SWIFT (MT103) only.
This account does not support SEPA, UK Faster Payments, CHAPS, BACS, or any other local/domestic payment rail. Payments must be sent via international SWIFT transfer.
Supported currencies
SWIFT collections are supported in the following currencies:
AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SAR, SEK, SGD, TRY, USD, ZAR
Settlement times
SWIFT payments typically take 1–3 business days to arrive, depending on the sending bank, currency, and any intermediary banks involved in the payment chain.
Funds will be automatically applied to your Verto wallet once received, and approved by Verto compliance team.
How to specify the correspondent bank
When your bank sends the payment, they’ll need to route it via our correspondent bank. This should take place automatically with the bank looking it up in the SWIFT system.
If your bank does ask (or your bank’s payments/SWIFT team) for a correspondent bank , you should provide/include the following in the “Intermediary Bank,” “Correspondent Bank,” or “Receiving Bank’s Correspondent” field on the payment instruction:
Bank name: Standard Chartered Bank
SWIFT/BIC: SCBLGB2L
Location: London, UK
This field is sometimes labelled differently depending on the sending bank’s system (e.g. “Account With Institution,” “Intermediary Institution,” “Correspondent BIC”). If your bank’s online portal doesn’t have a dedicated field for this, their payments team may need to add it manually, or the payment may need to be submitted via phone/branch instead of self-service via manual instructions.
Verto has updated it’s SSIs in SWIFT but this can take some time to be published by the SWIFT network, We expect this will not be requried by the end of 2026, and you will just need to enter your Verto BIC, and no other information for any payments - i.e you will not need to provide correspondent information, this will be looked up by your bank automatically.
What to do if your bank can’t find the correspondent
Ask your bank’s international payments/SWIFT operations team to confirm — front-line staff or self-service portals don’t always support manual correspondent entry.
If your bank still cannot process the payment with this correspondent, contact our support team support@vertofx.com and we’ll help troubleshoot with the specific error your bank has returned.
Support
If you run into issues sending a payment, contact Verto support at support@vertofx.com with your payment reference, sending bank name, and any error message received.