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Do I have to set up a payroll wire to a foreign bank account?

Reliant is able and willing to wire payroll to foreign bank accounts if the missionary wishes this service.  This is optional and many missionaries choose to use US bank accounts for receiving their payroll .  There while living at their international location.  If you do wish to set up a payroll wire to a foreign bank account, there are extra steps needed for this to happen.  Please read instructions below and allow for the extra time involved to set up these wire transfers.   For further information contact ?? Barb ??? finance??? 

What do I need to do to set up a payroll wire?

To authorize Reliant to wire a portion of your monthly paycheck into an International bank account, please complete the Bank of America Global Payments Addendum to Direct Deposit Agreement (provided below). This form serves as an addendum to the domestic direct deposit program, for payroll, provided by Reliant Mission.  Completed forms must be received by the Reliant Finance Department before the last business day of the month, for the change to impact the following month's pay date. In most cases, an initial test wire of $50 will be sent by Reliant to the international bank account listed on the submitted form, to ensure the wire template is properly routing funds to the missionary's international bank account.  This $50 test wire amount will be deducted from the first month's payroll wire amount. 

By submitting this form, the Reliant International Missionary authorizes Reliant Mission to wire the specified amount of payroll funds through Bank of America Global Payments division, with foreign currency conversion and further settlement to the international bank account specified on the submitted Bank of America Global Payments Addendum to Direct Deposit Agreement.  Please call your financial institution to verify your international banking information before submitting this form.  Reliant Mission will not be responsible for any mishandling of funds due to incorrect information supplied on the Bank of America Global Payments Addendum to Direct Deposit Agreement.  Reliant Mission has no control over exchange rates provided by Bank of America's Global Payments wire department .  Bank of America releases funds according to the request of Reliant Mission however, Reliant Mission nor Bank of America has control over the acknowledgement or receipt of funds at your international bank.

How do payroll wires work?

Approximately two business days prior to the corresponding pay date of each month, following the acceptance of this agreement, Reliant Mission will wire on your behalf the specified amount of US funds requested on this form through Bank of America; with instructions to further credit the international bank account you have entered on this form, in the currency you have requested. Exchange rates, wire fees and any additional fees charged by the receiving bank will be the sole responsibility of the Reliant International Missionary.  The wire fee charged by Bank of America to Reliant Mission will be charged directly to the MTD account for which the to Reliant International Missionary is responsible. 

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