New Requirements for Wire Transfers

Wire transfers initiated on the RepublicOnline platform that exceed the following thresholds will require the submission of supporting documents:

  • Sole Trader/Partnership: ≥ US$10,000
  • Corporate/Large Commercial: ≥ US$100,000
  • Small Commercial: ≥ US$50,000
  • Non-Profit/Clubs & Associations: ≥ US$10,000

Supporting documents are also required for wire transfers destined to the following countries:

Afghanistan
Armenia
Belarus
Bosnia and Herzegovina
Bulgaria
Bulgaria
Cameroon
Central African Republic
Croatia
Cuba
Democratic Republic of the Congo
Ethiopia
Guinea Bissau

Haiti
Hong Kong
Iran
Iraq
Israel
Jamaica
Kashmir
Kazakhstan
Kenya
Kyrgyzstan
Lebanon
Libya
Mali
Mexico

Mozambique
Myanmar (Burma)
Nagorno-Karabakh
Namibia
Nicaragua
Nigeria
North Korea
Panama
Philippines
Russia
Senegal
Serbia
Somalia
South Africa

South Sudan
Sudan and Darfur
Syria
Tajikistan
Tanzania
Turkey (Türkiye)
Ukraine
Venezuela
Vietnam
Western Balkans- Moldova
West Bank-Israel
Yemen
Zimbabwe

Go to top