I just read a rumour that all international USD payments get routed with an additional hop through the USA, even if it's going from (for example) an USD denominated account in say, Panama to a USD account in Bermuda.
Is this true? I think it's relevant for anyone trying to cash out BTC.
I guess changing currency would avoid this right? It might explain some unexpected higher fees.
edit:
"Intermediary instructions
An intermediary bank is required when sending a payment in a currency that is not the domestic currency for the destination country. For example a USD payment to HSBC in Hong Kong will need to be routed via a US Bank.
Do not worry if you have not been provided with an intermediary bank for a payment. Our dealers are able to locate the correct intermediary using their banking directories"
^ I wonder who Gox use and how stable the intermediary is.
Is this true? I think it's relevant for anyone trying to cash out BTC.
I guess changing currency would avoid this right? It might explain some unexpected higher fees.
edit:
"Intermediary instructions
An intermediary bank is required when sending a payment in a currency that is not the domestic currency for the destination country. For example a USD payment to HSBC in Hong Kong will need to be routed via a US Bank.
Do not worry if you have not been provided with an intermediary bank for a payment. Our dealers are able to locate the correct intermediary using their banking directories"
^ I wonder who Gox use and how stable the intermediary is.
HSBC HK uses HSBC USA for their intermediary bank. Same thing with most banks that have branches in other countries.
