PMT KB Article 13 – 010 - What is an Intermediary Bank?

An intermediary bank acts on behalf of a beneficiary bank (party receiving the funds). When sending a payment to PayMyTuition, you may have to send your payment using an intermediary bank. If this is the case, you will receive the bank details and instructions from PayMyTuition or from your local bank. Using an intermediary bank will depend on your local currency and country.