Topic

Money Plumbing (How Money Moves)

70 questions
Do large banks and institutions have enough physical cash to handle multi-billion-dollar cash transactions (e.g., cash-based M&A), or is it mostly an accounting mechanism? Dec 16, 2025 Correspondent Banking, Nostro and Vostro, and Settlement How does the US government send money to other countries—by check, bank transfer, or cash? Dec 16, 2025 Correspondent Banking, Nostro and Vostro, and Settlement I want to get into the remittance business for Nigeria – how do I get started? Oct 27, 2025 Correspondent Banking, Nostro and Vostro, and Settlement How does Correspondent Banking work? Oct 21, 2025 Correspondent Banking, Nostro and Vostro, and Settlement Do we need a correspondent tie-up agreement, if there is a licensed financial entity involved, like an exchange, or another Money Services Business? Oct 21, 2025 Correspondent Banking, Nostro and Vostro, and Settlement Are international financial institutions still necessary today? May 9, 2023 Correspondent Banking, Nostro and Vostro, and Settlement Can settlement funds be redirected to a bank account in a country different from the payout country? Feb 1, 2023 Correspondent Banking, Nostro and Vostro, and Settlement Would a US Bank Account (Nostro) via Fedwire be held in a foreign country? Would that be classified as Nostro accounts? Jan 18, 2023 Correspondent Banking, Nostro and Vostro, and Settlement What is considered a nested transaction? Jan 3, 2023 Correspondent Banking, Nostro and Vostro, and Settlement What is the difference between a Nostro account and a Vostro account? Jan 2, 2023 Correspondent Banking, Nostro and Vostro, and Settlement How do international banks physically settle balances between each other? May 11, 2022 Correspondent Banking, Nostro and Vostro, and Settlement How is money transferred between domestic and international bank accounts instantly when no physical cash moves? Jul 12, 2021 Correspondent Banking, Nostro and Vostro, and Settlement Are international money transfers truly instant? Jul 7, 2021 Correspondent Banking, Nostro and Vostro, and Settlement In correspondent banking, who sets FX rates and who profits from them? Dec 2, 2020 Correspondent Banking, Nostro and Vostro, and Settlement Do all banks rely on intermediary banks for international wire transfers? Nov 4, 2020 Correspondent Banking, Nostro and Vostro, and Settlement What role do US banks play in international money transfers? Jul 7, 2020 Correspondent Banking, Nostro and Vostro, and Settlement Can correspondent agreements include more than two money transfer parties? Jun 10, 2020 Correspondent Banking, Nostro and Vostro, and Settlement Which is better for African correspondent banking: Turkey or the UAE? Jun 10, 2020 Correspondent Banking, Nostro and Vostro, and Settlement Which types of bank transactions are classified as international? Jan 1, 2020 Correspondent Banking, Nostro and Vostro, and Settlement How do correspondent banking relationships work in remittances? Nov 12, 2019 Correspondent Banking, Nostro and Vostro, and Settlement What’s the difference between a settlement bank and a remitting bank? Nov 3, 2019 Correspondent Banking, Nostro and Vostro, and Settlement How are transactions worth over a billion dollars executed in practice? Oct 4, 2019 Correspondent Banking, Nostro and Vostro, and Settlement Why must non-US transactions often clear through US banks? Sep 9, 2019 Correspondent Banking, Nostro and Vostro, and Settlement Is there a system that ensures global bank transfers net to zero? Aug 3, 2019 Correspondent Banking, Nostro and Vostro, and Settlement Where does the money used for transfer payments actually come from? Apr 6, 2019 Correspondent Banking, Nostro and Vostro, and Settlement How is TransferWise able to process international transfers so quickly? Jan 9, 2019 Correspondent Banking, Nostro and Vostro, and Settlement Is there a global authority that oversees and regulates international wire transfers? Dec 6, 2018 Correspondent Banking, Nostro and Vostro, and Settlement How do remittances physically move money (as opposed to just account balances)? Aug 1, 2018 Correspondent Banking, Nostro and Vostro, and Settlement Where do currency exchange businesses get the currency they sell? May 4, 2018 Correspondent Banking, Nostro and Vostro, and Settlement What exactly is a correspondent bank account? Mar 5, 2017 Correspondent Banking, Nostro and Vostro, and Settlement In a modern banking era, why are wire transfers still limited over weekends and take multiple days? Sep 9, 2016 Correspondent Banking, Nostro and Vostro, and Settlement How do banks settle foreign-currency transactions—what mechanisms and steps are used? Jul 1, 2016 Correspondent Banking, Nostro and Vostro, and Settlement How do debit and credit transactions flow between two different banks? Jun 2, 2016 Correspondent Banking, Nostro and Vostro, and Settlement How are nostro and vostro accounts reconciled? Jun 2, 2016 Correspondent Banking, Nostro and Vostro, and Settlement During an IBAN wire transfer (sender bank → correspondent → recipient), what manual verification steps do humans perform? Jun 1, 2016 Correspondent Banking, Nostro and Vostro, and Settlement How does one country lend money to another—do they transfer it electronically, ship it physically, or is it just accounting entries? Apr 10, 2016 Correspondent Banking, Nostro and Vostro, and Settlement How do interbank and cross-country money transfers work? Mar 3, 2016 Correspondent Banking, Nostro and Vostro, and Settlement How do banks settle international payments internally? Jan 5, 2016 Correspondent Banking, Nostro and Vostro, and Settlement What does a bank need to offer foreign-currency sub-accounts to customers? Sep 11, 2015 Correspondent Banking, Nostro and Vostro, and Settlement Is it possible to transfer foreign currency between two local bank accounts in another country, and if so how, or why not? Aug 4, 2015 Correspondent Banking, Nostro and Vostro, and Settlement Where are national bank accounts actually held? Jul 3, 2015 Correspondent Banking, Nostro and Vostro, and Settlement How do countries repay debts worth millions, and is the money moved electronically or physically? Jun 11, 2015 Correspondent Banking, Nostro and Vostro, and Settlement How does International ACH function? Apr 11, 2015 Correspondent Banking, Nostro and Vostro, and Settlement If you could redesign SWIFT today, what would you change and how would you build it? Apr 7, 2015 Correspondent Banking, Nostro and Vostro, and Settlement How can I legally build a multi-currency NS/RTGS system based on banks’ current accounts? Apr 6, 2015 Correspondent Banking, Nostro and Vostro, and Settlement How do banks move money between themselves? Apr 5, 2015 Correspondent Banking, Nostro and Vostro, and Settlement Are all U.S. dollar transactions routed through the United States? Apr 4, 2015 Correspondent Banking, Nostro and Vostro, and Settlement How do international bank-to-bank transfers function end to end? Feb 11, 2015 Correspondent Banking, Nostro and Vostro, and Settlement How does Visa settle funds between acquirers and issuers at day-end—what rails/mechanisms are used (ACH, switches, etc.)? Feb 9, 2015 Correspondent Banking, Nostro and Vostro, and Settlement When I transfer money from my bank to PayPal, where does the money actually go behind the scenes? Feb 6, 2015 Correspondent Banking, Nostro and Vostro, and Settlement