An abbreviation for “for further credit“; an instruction that is set by a bank to receive a wire transfer, specifying a second beneficiary as to the accountholder (transferee). For further credit is used in electronic funds transfers to notate a second beneficiary (recipient).
FCC indicates that the transferred money are not yet reaching the final destination but should be further credited to another account or beneficiary. FFC is typically used when the receiving bank account is not the ultimate beneficiary’s account but an intermediary leg in the transfer process.
A beneficiary/ recipient might provide the transferor with FFC details.
