Routing & Clearing
By Ohmyfin Organisation Editorial Team · Published 2026-05-20 · Updated 2026-05-22
US banks need EUR correspondents to clear euro-denominated payments. A small group of US institutions handle the bulk of this flow, leveraging European subsidiaries or long-standing reciprocal relationships.
1. JPMorgan Chase (CHASUS33 / CHASGB2L) — New York. The largest US correspondent for EUR via JPMorgan AG (Frankfurt) and JPM London.
2. Citi (CITIUS33) — New York. Major EUR clearer via Citibank Europe plc (Dublin).
Payment Located
SWIFT GPI Network · Real-time status
Payment Not Found
No record found in SWIFT GPI or any correspondent banking data
Fraud Awareness Notice
If you received a payment document from a third party, verify directly with your own bank before releasing goods or funds. Fake MT103 / pacs.008 confirmations are widely used in advance-fee scams. See our fraud guide →
Monitor for 7 Days — Free
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Watching — we'll email you the moment it appears.
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Ask SwiftMate, our SWIFT assistant, for guidance on payment delays, rejections, and next steps.
Payments can appear hours after initiation — try again later
3. BNY Mellon (IRVTUS3N) — New York. Strong EUR custodian and correspondent role.
4. State Street (SBOSUS33) — Boston. EUR correspondent particularly for asset-management flows.
5. Wells Fargo (WFBIUS6S) — San Francisco. Building EUR correspondent network through its European subsidiaries.
6. Goldman Sachs (GOLDUS33) — New York. EUR clearing primarily for institutional flow via GS Bank Europe.
7. Morgan Stanley (MSNYUS33) — New York. EUR correspondent for capital markets / wealth flows.
8. Bank of America (BOFAUS3N) — Charlotte. EUR correspondent via BofA Europe.
10. Brown Brothers Harriman (BBHKUS33) — New York. Niche EUR correspondent for private-banking and asset-servicing flows.
Key takeaways
JPM, Citi, BNY Mellon dominate US EUR correspondent flow.
Most route through European subsidiaries (JPM AG Frankfurt, Citi Europe Dublin).
State Street, Northern Trust, BBH active in custody-driven EUR flow.
GS, MS, WF active in capital-markets EUR.
BofA growing EUR presence via BofA Europe.
Frequently asked questions
How does a US bank actually clear EUR?
Via a EUR nostro held at a European correspondent (often their own EU subsidiary), then through T2 or EURO1 in the eurozone.
Do US banks have direct TARGET2 access?
Only via their European subsidiaries. JPM AG, Citibank Europe, BofA Europe are TARGET2 direct participants.
How does this compare to USD correspondent in Europe?
See our companion article. The US-to-Europe relationships are deeper because of the size of cross-Atlantic capital flows.
Are these banks all ISO 20022 ready?
Yes — every US correspondent bank on this list completed CBPR+ readiness for the November 2025 SWIFT cutover.
Payment Located
SWIFT GPI Network · Real-time status
Payment Not Found
No record found in SWIFT GPI or any correspondent banking data
Fraud Awareness Notice
If you received a payment document from a third party, verify directly with your own bank before releasing goods or funds. Fake MT103 / pacs.008 confirmations are widely used in advance-fee scams. See our fraud guide →
Monitor for 7 Days — Free
We re-check every few hours and notify you the instant this payment appears — no account, no spam.
Watching — we'll email you the moment it appears.
Not sure what to do next?
Ask SwiftMate, our SWIFT assistant, for guidance on payment delays, rejections, and next steps.
Payments can appear hours after initiation — try again later