What is intermediatory bank for EFT in Google adsense?
Confused about what is an intermediary bank with regard to EFT payment? Get a better understanding of the meaning of an intermediatory/intermediary bank in order to provide the correct details for receiving EFT payment for Google AdSense earnings.
Recently Google has announced the good news, EFT for Indian adsense publishers. One has to setup bank account with SWIFT code. In this connection, I want to know clearly what is intermediate bank? Is the another branch of a bank or totally another bank. For example, I have account in IOB Karambakkudy branch. Is IOB Madurai the intermediate bank? or other bank SBI, ICICI or any other bank be intermediate bank? Can any expert give clear picture on intermediate bank?