FDIC-Insured - Backed by the full faith and credit of the U.S. Government
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Customers have reported receiving fraudulent text messages regarding card purchases, claiming to be from Maverick Bank. The messages are not legitimate and are attempting to trick customers into clicking a link and providing sensitive information. Maverick Bank will never send you a text with a link asking you to verify or cancel a transaction. If you are concerned about your account, please contact us directly.
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Starting July 14, 2025, wire transfers will use a new global format called ISO 20022. This means more structured information will be required especially for names, addresses, and payment details.
ISO 20022 is a new global standard for financial messaging. It replaces the older Fedwire FAIM format with a more structured, data-rich format that enables:
Better payment tracking and reconciliation
Enhanced regulatory compliance
Standardized messaging across international and domestic banks
If you send or receive wire transfers:
You may notice changes to wire instructions and request forms, including new required information like the reason or purpose for the wire.
More detailed information (like a full street address) will be required for both the sender and recipient.
If you use wire templates, they may need to be updated to meet the new format.
These changes are being mandated by the Federal Reserve, not Maverick Bank, and apply to all U.S. banks. Maverick Bank is working to ensure a smooth transition for our customers.
To prepare for this change:
Review any saved wire templates and add missing details (like full street addresses, ZIP codes, or transaction purposes).
Delete outdated or unused wire templates.
When submitting a new wire, ensure you provide complete sender and recipient information—including full names and physical addresses.
We do not expect delays; however, starting July 14, 2025, wires that are missing required information may be rejected by the Fedwire system. Providing complete and accurate data will help prevent issues.
| Old Term | New Term (ISO 20022) |
|---|---|
| Originator | Debtor |
| Originating Bank | Instructing Agent |
| Receiving Bank | Instructed Agent |
| Beneficiary | Creditor |
| Beneficiary Bank | Creditor Agent |
| Routing Number | Agent ID |
| Address Line 1 | Building Number & Street Name |
| Address Line 2 | Room |
| City | Town Name |
| State | Country Subdivision |
| Zip Code | Post Code |
| Payment Notes | Remittance Information |
| For Final Credit To | Ultimate Creditor |
Wires submitted with incomplete or outdated information may be rejected by the Federal Reserve’s systems. This could result in processing delays or failed transfers.