Corresponding bank意思

"Corresponding bank" is a term used in the context of international banking and finance. It refers to a bank that is located in a different country from the bank where a customer has an account. The corresponding bank typically facilitates transactions between the customer's bank and other banks, especially in international money transfers.

For example, if you have an account with a bank in the United States and you need to send money to someone who has an account with a bank in Europe, the bank in the United States would need to work with a corresponding bank in Europe to complete the transaction. The corresponding bank in Europe would then transfer the funds to the recipient's bank account.

Corresponding banks play a crucial role in the global banking system by enabling cross-border transactions and ensuring that funds can be moved efficiently between banks in different countries.