We do not provide a settlement wallet or account. If the solution provider provides with a settlement partner, then the settlement account is already taken care of. You would simply need to provide us with a bank account for your commissions where they would be deposited.
If the settlement partner (or payout partner) is one that is suggested by you, then the payout partner has to first have a correspondent agreement with the solution provider. Once that is established, the payout partner must either provide a Nostro account in the US (in their name) or a bank account anywhere else in the world, with the account title in their name.
-  What is a Tri-Party Correspondent Tie-Up Agreement
-  What is a Correspondent Tie up? & Why is it necessary?
-  What is a Payout Partner?
This page was last updated on February 16, 2023.