Updated: 14th November 2025 Foreign Inward Remittance Certificate (FIRC) is a key term for anyone in India receiving payments from abroad,&nbsp; be it exporters shipping goods overseas or freelancers offering services to international clients.

Are you dealing with international payments and confused by terms like FIRC? If you’ve ever received money from abroad for your business or freelance work, you might have been told to get a FIRC. Don’t worry – you’re not alone in finding this acronym puzzling. In this conversational guide, we’ll demystify Foreign Inward Remittance Certificates (FIRC) – explaining what they are (including the full form and meaning), why they’re important, who needs them, and how to obtain one. By the end, you’ll know exactly why FIRC matters for Indian exporters, freelancers, small businesses, and even accountants handling cross-border transactions. Plus, we’ll share tips on making the whole process much easier (hint: there are modern solutions that do the heavy lifting for you). Let’s dive in!

Let’s start with the basics: FIRC stands for Foreign Inward Remittance Certificate. It’s essentially an official document from an Indian bank that confirms you’ve received a payment from abroad. Think of it as a receipt or proof of an inward remittance (foreign money transfer) into your Indian bank account.

In practical terms, a FIRC contains details of the foreign payment you received – such as the amount in foreign currency and INR, who sent the money (the sender’s name and country), who received it (your name/business name), the date, and the purpose of the payment. It’s issued by your bank (specifically, banks authorized to deal in foreign exchange, known as AD Category I banks) whenever you receive money from overseas.

In simpler words: if a client overseas wires you funds for an export or a freelance project, the FIRC is the document from your bank saying “Yes, we’ve got the money from abroad, and here are the details.” It’s an official proof that foreign funds landed in India into your account.

Quick note: Sometimes people use “FIRC” loosely to also refer to similar documents like a foreign inward remittance advice (FIRA).&nbsp; Essentially, all these serve the same purpose – proving that an international payment was received. We’ll explain the differences in a bit, but generally if someone asks for a FIRC, they mean the proof of a foreign payment credit.

Whether you are an Indian exporter, a freelancer providing services globally, or a small business owner, obtaining a FIRC (or its equivalent advice) for your foreign earnings is very important. Here are the key reasons why a FIRC matters so much:

In summary, a FIRC is more than just a piece of paper. It’s crucial for compliance, unlocking financial benefits, and keeping clean records of your foreign income. In India’s regulated foreign exchange environment, this certificate (or its digital equivalent) becomes a cornerstone for anyone transacting internationally.

Now that we know why it’s important, you might wonder: “Do I actually need a FIRC?” If you fall into any of the following categories, the answer is likely yes:

In a nutshell, any Indian individual or business receiving money from outside India should obtain a FIRC for each such inward payment. This spans everyone from large export firms to freelance graphic designers paid via PayPal. It’s a best practice even if not mandatory in every case, because it’s your safety net and proof if questions arise later.

FIRC in India: RBI Guidelines and the Switch to FIRA

It’s important to understand how FIRCs are handled in India today, because there have been regulatory changes in the past decade. Historically, banks issued a physical FIRC on security paper for every foreign inward remittance received against exports. However, since 2016, the RBI changed the process for most cases. Let’s break down what that means:

You might also have seen the term e-FIRC. This is a bit tricky because e-FIRC isn’t a separate document you receive in hand – it’s more of a concept/number in the background banking systems.

For most small businesses or freelancers who use a single bank (or a single platform) to both receive funds and handle paperwork, you may not need to worry much about the term “e-FIRC” – your bank’s advice and the automated systems take care of it. Just know that it refers to the electronic trail of your remittance in RBI’s systems.

Two acronyms that often come up together in export finance are FIRC and BRC. They are related but serve different purposes, and it’s important not to confuse them:

In simpler terms, think of it as a two-step chain: First, you get the FIRC/FIRA when money comes in. Then, that leads to a BRC which connects the money to a specific export transaction.

For example, suppose you shipped 100 units of a product on a certain date (your shipping bill records this) and later you got USD 1,000 for that shipment. When the $1,000 arrives, your bank gives you a FIRA confirming receipt. You then inform the bank (or it knows via systems) that this $1,000 corresponds to that shipping bill. The bank updates the records and an e-BRC is generated which you can download from the DGFT portal as proof that the export transaction is closed with payment received. Why is BRC needed? Because to claim many export incentives or to fulfill export obligations, you have to show BRCs to the government – it proves you not only exported but also got paid for it.

Bottom line: FIRC (or FIRA) confirms money received; BRC confirms that money was tied to an export. Both are important for exporters of goods (first you get FIRC, then BRC to claim benefits). Freelancers and pure service exporters mostly just handle FIRCs unless they are in scenarios that require reporting exports formally.

&nbsp;You can use this decision tree to decide which one do you need.&nbsp;

FIRC Certificate Format:&nbsp; What Information Does it Include?

This is a sample FIRC document. All crucial remittance details have been masked for security purposes. Now let’s break the content of a FIRC down: 

If you’ve never seen a FIRC or FIRA document, you might wonder what it looks like and what details it carries. While formats can vary slightly from bank to bank, a typical FIRC/FIRA document (usually a PDF or letter these days) will include the following key information:

A modern FIRA might not have the word “Certificate” on it, but it contains the same info as the old FIRC. Some banks still title it “Certificate of Foreign Inward Remittance” even if it’s a PDF. In any case, all the above details are what make it valuable – ensure everything matches your expectations when you receive one (more on that in a moment).

How to Obtain a FIRC (Procedure to Get the Certificate)

Obtaining a FIRC or FIRA for a foreign payment is not always automatic – often, you’ll need to request it from your bank. The process can vary slightly by bank, but here’s a general step-by-step guide for Indian businesses or freelancers:

1. Receive the Foreign Payment: This might sound obvious, but you can only get a FIRC after the money from abroad has credited to your bank account in India. So, first step – make sure the funds have arrived. Note down the transaction details like the date of credit, the amount in foreign currency and INR, and any reference number (UTR) if available. This info will be needed for the request.

2. Contact Your Bank to Request the FIRC/FIRA: Reach out to your bank’s branch or your relationship manager and let them know you need a FIRC (Foreign Inward Remittance Certificate) or advice for a particular transaction. Many banks have a specific form or format for this request. Depending on the bank, you might do one of the following:

In your request, you’ll generally need to provide:

Tip: If your bank has a mobile app or online banking, search for terms like “FIRC request” or “Remittance Certificate” – some banks have digitized this. Otherwise, a quick email to your branch manager with the details might do the trick.

3. Provide Supporting Documents (if required): Banks might ask for some documents to ensure the request is legit and to attach as proof of the transaction’s purpose. Common ones include:

Not every bank will ask for all of these – often if the transaction was straightforward and coded correctly, a FIRC request might go through with just the form. But don’t be surprised if they ask for an invoice copy or such, especially for higher amounts or the first time you’re requesting.

4. Pay the Bank’s Fee (if any): Here’s the part not everyone realizes: many banks charge a small processing fee for issuing a FIRC/FIRA. The fee varies by bank but is typically in the range of ₹200 to ₹500 per certificate, plus GST. For example, one bank might charge ₹300 + taxes for each FIRC. Some banks waive it for premium account holders or in special cases, but generally expect a fee. Usually, the bank will deduct this fee from your account or ask you to pay it upfront. When you fill the request form, it might mention the fee or your branch will inform you. (As a rough timeline, after you request, it often takes around 1–2 weeks for the bank to issue the FIRC. Some get it done in just a few days, but don’t bank on it – pun intended!)

Good News: If this process sounds a bit old-fashioned, you’re right – it can be tedious. But lately, some fintech platforms and modern banking services offer FIRA certificates for free and instantly as a perk. (We’ll talk more about that in a moment when discussing easier ways.)

5. Wait for the Certificate to be Issued: Once you’ve submitted the request (and any docs and fees), the bank’s forex operations team will verify the details. They’ll match the info you gave with the actual inward remittance record. If everything checks out, they will generate the FIRC (or FIRA). Nowadays, this is usually a PDF document on the bank’s letterhead with a digital signature, which they might email to you or make available for download (some still might print it for collection at the branch if you specifically need a hard copy). The time frame can vary:

Keep an eye on the email you provided (and check the spam folder just in case, since it’s often an automated email with a PDF attachment).

6. Verify the Details on the FIRC: When you finally receive the certificate/advice, do not skip this step! Carefully check all the details:

If you spot any error (typos in your name, wrong amount, incorrect purpose code, etc.), contact the bank immediately to correct it. It’s important the FIRC reflects the truth of the transaction. Banks can issue an amended FIRC if needed, but you may have to give proof of the correct info (for instance, if your name was spelled wrong, you might send a copy of your PAN or passport; if the amount in INR is off, maybe a statement copy). It’s best to catch errors early and have them fixed, so you don’t run into problems later when using the FIRC for official purposes.

7. Use the FIRC for Your Needs: Once you have the FIRC/FIRA in hand (or in email):

In short, use the FIRC anywhere you need to prove “I got paid from abroad for X purpose.” It’s your golden ticket for compliance and benefits.

8. Remember: One FIRC = One Transaction: If you receive multiple foreign payments, you will generally need to request separate FIRCs for each. Say you’re a freelancer who got five different payments from five clients – you’d have five FIRC documents (and possibly five fees…). Some payment aggregators or services might give a consolidated statement for multiple small payments, but banks usually treat each inward remittance as a separate record and issue individual certificates.

Getting FIRC the Easy Way (Automatic FIRC with Modern Platforms)

At this point, you might be thinking, “Wow, that’s a lot of steps and wait time just to get a certificate!” 🤯 Indeed, dealing directly with banks for FIRCs can be slow and involve charges. Here’s where fintech solutions come to the rescue.

Platforms like Skydo offer a much smoother experience for handling foreign payments. For instance, when you receive an export payment through Skydo, the FIRC (or FIRA) is generated for you automatically – and at no extra cost. It’s basically built into the process. You don’t have to file separate requests or wait weeks. As soon as the payment is received and processed, you can log into your Skydo dashboard and download the remittance advice instantly. All the details (amount, purpose, etc.) are neatly recorded, compliant with RBI rules, without you lifting a finger to request it.

This kind of solution is a game-changer for freelancers and small businesses: you get paid faster (since such platforms often streamline the transfer) and you get the FIRC document instantly for each transaction. No bank queues, no follow-ups, no fees per certificate. If you’re frequently dealing with international clients, using a modern global payments platform can save you a lot of headaches when it comes to compliance paperwork like FIRCs.

Is FIRC Mandatory for GST Refunds and Other Purposes?

One common question that arises is whether having a FIRC is mandatory for certain claims, especially the GST refunds on exports. The short answer: Yes, if you’re claiming a refund or benefit on the basis of an export, you’ll need proof of foreign inward remittance – usually in the form of FIRC/FIRA.

When you export goods or services from India, those exports are considered “zero-rated” for GST, meaning you don’t have to pay GST on the sale. However, you might have paid GST on inputs (input tax credit) and you’d want to get that refunded since your output was zero-rated. To process this refund, the tax authorities require evidence that you indeed received payment in convertible foreign exchange for that zero-rated supply. FIRC is that evidence. It authenticates that the money entered India’s banking system against your export.

Here’s how it typically works for a GST refund on exports:

If you don’t have a FIRC to show and try to claim a GST refund, the claim likely won’t be accepted because you haven’t furnished proof of realization of export proceeds. It’s a critical document for this purpose.

Similarly, for other schemes like certain subsidies or duty credits for exporters, the requirement is often to show the BRC or FIRC to prove that the export was completed monetarily.

For freelancers or service exporters who may not deal with GST refunds (if, say, you’re below GST threshold or exports of services under LUT), it might not feel “mandatory” day-to-day. But consider that under income tax or any scrutiny, you’d still want that FIRC as proof of earnings. Also, tomorrow if you do register for GST and want to claim something, having FIRCs from the past means you’re prepared.

In summary: For compliance and benefits, having FIRCs is effectively mandatory. It’s part of the paperwork you should maintain if you earn in foreign currency. And specifically for claiming GST refunds on exports, a FIRC is usually non-negotiable.

Conclusion:&nbsp; Making FIRC Hassle-Free

Dealing with cross-border payments can seem daunting at first – there’s compliance to consider and extra paperwork like FIRCs to manage. But understanding the ins and outs of FIRC means you’re now equipped to ensure every dollar, euro, or pound you earn overseas is properly documented without stress.

The good news is that you don’t have to wrestle with these processes alone. As the world of international business is evolving, so are the tools to manage it. Your focus should be on growing your business or honing your craft – not on chasing bank certificates. That’s exactly why platforms like Skydo exist: to simplify global payments and the red tape that comes with them.

With Skydo, for example, you can enjoy seamless international payments with no hidden fees, and every time you receive a cross-border payment, an auto-generated FIRC (remittance advice) is instantly available for you. No special requests, no fees per certificate, no delays – it’s just there, ready to download when you need it. This means you remain fully compliant with RBI rules effortlessly, and you can devote your energy to what truly matters: delivering great products or services and scaling your venture.

In conclusion, a Foreign Inward Remittance Certificate is a vital piece in the jigsaw puzzle of doing business globally from India. It ensures your hard-earned foreign revenues are officially recognized and securely in your pocket (or rather, your bank account). By staying informed and leveraging modern solutions, you can turn what used to be a cumbersome process into a minor footnote in your workflow. Happy exporting (or freelancing), and may all your international payments come with an easy FIRC! 🚀

What is FIRC? Learn the full form, meaning, and how Indian exporters & freelancers can get FIRC or FIRA to claim tax benefits and stay RBI-compliant.

FIRC Full Form, Meaning & Guide for Exporters

Dive into the world of FIRC. Explore the full form, importance, and process of obtaining FIRC for your international transactions

Foreign Inward Remittance Certificate (FIRC): Full form, meaning and RBI guidelines

Prashanth

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Prashanth Kumar

Trade credit is when a seller lets a buyer pay later instead of paying upfront — usually on agreed terms like Net 30, Net 60, or Net 90.

For exporters, trade credit often means shipping first and receiving money later. And once you do that, the real question becomes:

How do you fund the gap safely,&nbsp; without choking your cash flow or taking on buyer default risk?

The exporter reality: “You’re stuck in the middle”

Imagine you’ve landed a bulk order from an international buyer. They ask for 90-day terms.

You ship the goods.
Your suppliers want money upfront.
Payroll doesn’t wait.
But your invoice does.

That gap between shipping and payment can limit how many orders you can take, and turn a “growth” deal into a working-capital problem.

That’s trade credit in real life: simple in theory, stressful in operations.

Trade credit is when a supplier delivers goods/services before getting paid, and the buyer settles later on agreed terms.

And sometimes you’ll see early-payment discounts like:

Trade credit examples (exporter scenarios)

Scenario 1: Service exporter / freelancer

A digital marketing agency invoices a US client $10,000 on Net 30. Payment arrives in a month, but payroll is due next week. The work is done — cash isn’t.

A garments exporter ships a $50,000 order on Net 60. The buyer pays two months later, but the exporter needs to pay the fabric supplier now to start the next run.

An India-based seller exports via a marketplace where payouts happen on a cycle (e.g., 14 days after sales). During peak season, that payout lag ties up cash needed for restocking.

What these have in common: you’re profitable on paper, but cash gets trapped in the payment window.

Why exporters offer trade credit (and when it becomes risky)

Exporters offer trade credit because it helps them:

But trade credit gets risky fast when you don’t plan for:

If the buyer misses the deadline, disputes, or disappears, you’ve already shipped and spent the cost.

“Damaged goods.” “Short quantity.” “Quality mismatch.”
These aren’t rare — and even a partial deduction can wreck your cash forecast.

You invoice in USD today, get paid 60 days later. If INR strengthens in that window, you receive less in rupee terms when converted.

When one buyer funds most of your revenue, one delayed invoice becomes a company-wide cash crunch.

Trade credit vs export credit vs letter of credit (don’t mix these up)

These three sound similar. They aren’t.

A commercial agreement between you and the buyer: ship now, pay later. No bank guarantee. You carry the risk.

Bank financing that helps bridge the export cycle — including pre-shipment and post-shipment finance (and this applies to both goods and eligible service exports). 

In RBI’s guidance, packing credit (pre-shipment) can be liquidated using export bill proceeds, effectively converting it into post-shipment credit. 

A bank-backed payment instrument: the buyer’s bank agrees to pay if you meet documentation conditions. Lower payment risk, but more paperwork and fees.

Simple rule: If you offer Net terms without protection, you’re acting like the lender — unless you use tools that get you paid earlier or reduce default risk.

How exporters fund the trade credit gap (practical playbook)

Option 1: Pre-shipment finance (packing credit)

Use when you need cash before shipping to fund raw materials, production, or purchase.

RBI guidance explicitly covers liquidation/conversion mechanics: packing credit can be liquidated from export bill proceeds, converting it to post-shipment credit. 

Option 2: Post-shipment finance (bill purchase / bill discounting)

Use when you’ve shipped and raised the export bill,&nbsp; but you need cash before the buyer pays.

You sell invoices to a factor who pays you now and collects from the buyer later (sometimes with credit protection, depending on recourse terms).

Option 4: Forfaiting (larger / longer receivables)

Forfaiting is a trade finance method where exporters sell medium-to-long-term foreign receivables at a discount, often without recourse (meaning the forfaiter takes the non-payment risk). 

Option 5: Credit insurance (de-risk open account)

Doesn’t give upfront cash, but protects you if the buyer defaults, especially useful when you’re scaling trade credit to new buyers.

What exporters should check before offering trade credit (quick checklist)

Where Skydo fits in an exporter’s working-capital cycle

Trade credit creates the gap: you ship now, get paid later.

Skydo doesn’t provide trade credit or financing. But it targets the friction that makes waiting harder than it needs to be:

Skydo offers live FX / zero FX margin (so your “expected INR” doesn’t get quietly shaved by spreads you only notice later). 

2) Faster settlement (reduces idle time once buyer pays)

Skydo positions fast settlement (often framed as ~24-hour processing in their materials). 
(This doesn’t shrink the buyer’s Net 60, but it reduces the extra days lost after payment is initiated.)

Skydo offers instant and free FIRA&nbsp; from the dashboard as part of the receiving workflow. 

Skydo references ISO 27001 and SOC 2 compliance in its compliance communication. 

Bottom line: Trade credit stretches your cash cycle. Financing tools bridge the gap. And your payment setup determines how much extra time, FX leakage, and compliance follow-ups you lose per receipt. Skydo’s value is reducing that avoidable friction once the buyer pays.

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You’re a freelancer in India who just landed a client in the US. They’re ready to pay,&nbsp; and then reality hits:

How do you receive the money without losing a chunk to fees, and without getting stuck in documentation and compliance follow-ups?

That’s where platforms like PayGlocal come in. But before you sign up, you should know exactly what you’re getting into

This PayGlocal review breaks down features, pricing, real pros/cons, and the best alternatives depending on how you get paid. (Pricing/features can change; always confirm on the official pages.)

PayGlocal is best for: Indian businesses that need international payment acceptance (cards + global methods) and/or multi-currency collection rails.

Compliance docs: PayGlocal states it provides eFIRA/FIRC generated by partner banks after settlement. 

Settlement timeline (for the freelancer MCA flow): After funds hit your multi-currency account and you submit docs within the required window, PayGlocal states it typically takes 2–3 working days for funds to reach your Indian bank account. 

Important operational detail: PayGlocal’s multi-currency account is not meant to hold funds — you’re expected to submit supporting docs within 2 working days, or the amount is sent back to the payer automatically. 

If your core need is receiving invoice / bank-transfer business payments into India with predictable fees + compliance docs, a PayGlocal alternative like Skydo is worth evaluating.

PayGlocal is a cross-border payments platform that helps Indian businesses (including freelancers and service exporters) accept and collect international payments, with options that include:

From a regulatory standpoint, PayGlocal states it is RBI authorised for:

PayGlocal features (for international payments)

1) Payment acceptance: checkout + pay links

PayGlocal supports international payment acceptance via:

2) Supported payment methods + currencies

On PayGlocal’s site and product pages, they position their stack around broad international coverage — including major cards and a range of global/local methods. They also reference 120+ global currencies in their marketing. 

(Practical takeaway: PayGlocal is built more like a “global payment acceptance + routing” layer than a pure inward-remittance-only tool.)

3) Multi-currency accounts (MCA) for collections

If your clients pay via bank transfer (or marketplace-style flows), PayGlocal also offers multi-currency account collections:

4) Compliance docs (eFIRA/FIRC) post-settlement

PayGlocal states it provides eFIRA/FIRC generated by partner banks once the amount is settled. 

Two operational details freelancers should notice (these matter in real life):

5) Risk, routing, and reliability (positioning)

PayGlocal positions an “orchestration” approach for better routing/acceptance and fraud/risk controls as part of its international stack. 
(As with any gateway, performance can vary by corridor, method, ticket size, and business category.)

6) Developer experience (if you integrate)

If you’re integrating into a product, PayGlocal provides developer documentation and guides (and their FAQ/docs also repeat key MCA/settlement conditions). 

PayGlocal’s public pricing page shows no fixed monthly charge on the standard plan, you pay per transaction.

Public fees shown on PayGlocal’s pricing page

What you should confirm before choosing PayGlocal

Some cost drivers aren’t always fully spelt out on a single pricing block. Before onboarding, confirm:

PayGlocal alternatives (what to pick based on how you get paid)

If you mainly receive international business payments (invoices / bank transfers / marketplace payouts)

Skydo (PayGlocal alternative to evaluate)

What it’s built for: receiving international business payments into India with predictable pricing + built-in export documentation workflows.

Pricing &amp; FX: Skydo positions a flat-fee model (example tiers like $19 / $29 / 0.3%) and markets transparent FX (verify the latest on the pricing page).

Compliance: Skydo positions instant downloadable remittance advice/documentation flows from the dashboard (verify doc type needed for your use case: FIRA vs bank-issued FIRC).

When Skydo is a better fit than PayGlocal

If you need customers abroad to pay via checkout (cards + local methods)

Consider providers that specialise in global acquiring and APM conversion:

Conclusion: When Skydo is the better PayGlocal alternative&nbsp;

PayGlocal is a solid option if your core need is international checkout — cards, payment links, global methods, and routing optimised for acceptance.

But if you’re a freelancer or service/goods exporter in India and your primary job-to-be-done is simpler:

“Help me receive invoice-based international payments into my Indian bank account, at the best net INR, with minimal compliance follow-ups.”

…then Skydo is usually the more practical PayGlocal alternative to evaluate first.

With Skydo, you’re not paying a % of your invoice just because the ticket size is bigger. You get a predictable flat-fee model, live FX (no markup positioning), and a workflow built around what freelancers actually struggle with: settlement visibility + remittance documentation (like FIRA) without chasing banks.

If you want to sanity-check the fit fast, here’s the clean decision rule:

Explore Skydo (and compare both platforms on total cost, settlement SLA, and documentation flow before you decide).

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Do you know the next time your client wires you the payment, the money can end up in someone else’s bank account? It’s called wire fraud, and it occurs not because of a sophisticated hacking technique. But mostly by a fraudster impersonating you.

Time zone gaps, email-heavy communication, large payments, and low chances of reversibility are some reasons that make this payment medium susceptible to such a crime.

The good news is you can prevent wire fraud if you read this blog until the end. It explores the meaning of wire fraud, how the scam works, common red flags, and what actions you must take if you fall prey to it. 

Wire fraud is a type of bank fraud where criminals use electronic communications, like email, phone calls, or messaging, to trick your clients into sending money to a fraudulent bank account.

Scammers intercept the emails and PDF invoices exchanged between you and your client to gain access to the contract details. They take advantage of the absence of face-to-face verification in <a href="https://www.skydo.com/blog/swift-money-transfer-ultimate-guide">SWIFT transfers</a>,&nbsp; the time zone difference, and the low chances of payment reversibility to commit the fraud.&nbsp;

How does wire fraud work in international payments?

The most common technique used in international wire fraud is the bank detail change scam. Here is how scammers trick you and your clients in three simple steps:

Bank detail change scam: 3 steps in setting the trap&nbsp;

The 5-step lifecycle (cross-border edition)

Let’s zoom out to understand the lifecycle of this scam in more detail:

Common wire fraud scenarios for freelancers, agencies &amp; exporters

Wire frauds work in a recurring pattern; we have listed down the most-common ones below. Share this list with your clients to educate them about these usual scammer tactics.

Scammers send your client a fake PDF invoice. It has the same logo and amount, but your bank details are swapped with the fraudsters. Your client might wire the payment without noticing clues like irregular fonts or weird spacing. The money is credited to the fraudster’s account, and you never receive it.

The most common way this occurs is by spoofing an email to your client from their CEO, founder, or you. They use an identical address, like .com swapped to .co. In the email, they demand an urgent, secret wire to your updated account right away. Trusting the email source, your client skips verification and sends funds to the scammer instead of to you.

Hackers infiltrate the email thread between you and your client. They reply to an existing thread with details like following up on the payment. Only this time, the bank account details are theirs and not yours.

A SWIFT transfer can take longer to settle because of complexities like intermediary banks. Scammers take advantage of this by emailing your client, saying that the payment is stuck at an intermediary bank.&nbsp;

Further, they suggest the client wire them a compliance fee or OUR/SHA charge to help them release the money.OUR is where the entire transfer fee is borne by the client, and SHA is where you bear the intermediary bank fees.&nbsp;

In reality, the payment was never stuck; the scammers made a commission while representing as you.

Fraudsters email you a forged remittance advice or fake <a href="https://www.skydo.com/blog/mt103-what-is-it-why-it-matters-and-how-to-get-one">MT103</a> SWIFT message as proof your client sent payment. You ship goods or deliver the work, trusting the email. However, the client didn’t email you, and you never received the payment.

The following red flags are easy measures to keep your income safe. Share this list with your client simply by copying and pasting it to a Word doc. Also, save a copy on your PC.

Mini-Rule: If any two of these signs appear, please pause the payment. Verify the request via a recorded video or phone call.

How to prevent wire fraud when clients pay you from abroad

Besides the red flags list, here are some steps you can take at your end to ensure the payment lands in your bank account and not someone else’s

Set up a “no bank changes over email” rule:

Keep this as a non-negotiable policy. Any request to update bank details must be verified through a call back to a saved number, a short video call, or a signed confirmation from an approved domain followed by secondary verification.

Put guardrails inside your invoice &amp; contract

Include a standard clause at the footer or additional notes section: “We will never change bank details over email. Any request must be verified by phone/video on previously shared contact details”. This sets a clear expectation with your clients from the start.

Use one consistent set of beneficiary details. Do not re-type the bank details in the email body. Instead, use a controlled payment flow like a secure portal or link to prevent sensitive bank details from living in vulnerable email threads.