Category Archives: Independence Bank

Independent Bank Routing Numbers

Independence Bank routing number

If your in search for Independence Bank Routing Number then your search ends here. Here we’re providing you latest update on Independence Bank Routing Number & some other information regarding bank which you can find below.

Independent Bank Routing Numbers

Frequently Questions Asked, Which Are:

International Wire Transfer to Independent Bank

International wire transfer is one of the fastest ways to get money. Banks use SWIFT interface for exchanging messages required for performing a wire transfer.

Usually, the receiving bank (in the USA) and the sending bank (in another country) need to get an immediate arrangement in place to begin the swift transfer.

Small banks and credit unions don’t have this agreement, so they use services of an intermediary bank (correspondent banks) that have this arrangement to realize the wire transfer. Banks are usually multinational banks that have working agreements with banks across the world.

Special Note: Banks in USA don’t use IBAN account number.

Incoming International Wire Transfer

Independent Bank doesn’t have a swift code, and so it might be unable to receive the transfers directly. However, you can still secure the wire funds in your account.

The sender’s international financial institution will have a corresponding bank in the U.S. they can wire to, which will transmit the funds to Independent Bank via domestic transfer using routing number. The instructions will be something like this –

Beneficiary Information
Your Full Name: The name of your account as it appears on your statement
Your Account Number: Your complete bank account number
(including leading zeros)
Your Address (including City, State & County): Your complete address
Beneficiary Bank
Bank Name: Independent Bank
Routing Number: 072402652
Address (including City, State & County): Independent Bank
230 West Main Street,
Ionia, MI 48846
Phone: 888.300.3193 (or) 800.355.0641
Intermediary Information – Sender’s bank will provide this information
Bank Name: Correspondent/Intermediary Bank
Swift Code: Swift code of correspondent/intermediary bank
Address: Correspondent bank address

Note of Caution on Fees: If your cash transfer involves currency conversion, there is a high chance you will find a weak exchange rate from the banks and because of this pay substantial hidden fees.

Domestic Wire Transfer to Independent Bank

Domestic wire transfers conducted through either the Fedwire system or the Clearing House Interbank Payments System (CHIPS). Wire transfers are not the same as ACH transfers. Wire transfers are real-time transfers (receiver usually get the cash, same day) and costs over ACH transfer (which takes 2-4 days for transferal of money).

Incoming Domestic Wire Transfer Instructions

You can obtain funds to your Independent Bank account from any bank in the USA using domestic wire transfer. You need to implement these details to a sender of the capital that will initiate the wire transfer through the institution.

Bank Name: Independent Bank
Wire Transfer Routing Number: 072402652
Account Holder Name: Your Name
Account Number: Your Bank Account Number
Bank Address, with City & State: Independent Bank
230 West Main Street,
Ionia, MI 48846
(regardless of where your account is located)

Wire Transfer Fees for Independent Bank

International and Domestic Wire Transfer Fees for Independent Bank are as mentioned :

International Incoming $12 for each transaction
Outgoing $60 for each transaction
Domestic Incoming $12 for each transaction
Outgoing $25 for each transaction

Aside from the wire transfer charges, if the move includes currency exchange, banks make money on currency exchange as well by giving retail exchange rates to you that is 1-2% lower than the exchange rate.

Conducting Wire Transfer

For assign funds to International/Domestic accounts from your Independent Bank account, you need to choose Wire Transfer

Request Form which can avail from any Independent Bank branch.

  • Fill Up all fields on this form according to Wire Transfer Instructions.
  • The completed and signed Wire Transfer form can provide to some of Independent Bank branch.
  • Keep the Wire Transfer Disclosure for your records.
  • Wire transfer requests must be received and confirmed by the cut-off period of Independent Bank.
  • There’s a fee for sending a wire transfer.

Note: For international wires asked after Independent Bank daily cut-off time, due to changes in the foreign exchange rates, international wire transfers for amounts other than U.S. currency will be estimated and processed on the next business day in the foreign exchange rate valid at that moment.


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