Bank of the Federated States of Micronesia

A bank with its head office in Kolonia, the Federated States of Micronesia, established in 1986. At 30 June 2026, the latest FDIC figures, it held $278 million in assets and $245 million in deposits, which makes it the only FDIC-insured bank headquartered in the Federated States of Micronesia. FDIC records list 5 offices in 2 places.

Bank of the Federated States of Micronesia at a Glance

Head office: 98 Kaselehlie Street, Kolonia, FM 96941
Website: www.bofsm.bank
Established: 7 February 1986
FDIC insured since: 7 February 1986
FDIC certificate: 26539
Primary regulator: FDIC
Total assets: $278 million
Total deposits: $245 million

Where Bank of the Federated States of Micronesia Has Offices

Federated States of Micronesia: 4 offices — Chuuk, Kolonia, Kosrae, Yap
Northern Mariana Islands: 1 office — Saipan

The Federated States of Micronesia, Palau and the Marshall Islands are independent countries in free association with the United States, and all three use the US dollar, so a transfer from the US involves no currency conversion. Ask the bank whether it treats a wire to an account at one of these branches as domestic or international before you send: the fee and the details it needs can differ.

Sending a Wire to an Account at Bank of the Federated States of Micronesia

To wire money to someone who banks here you need, from the recipient or from the bank itself:

the recipient’s full name and address, exactly as the account holds them;
their account number;
the bank’s wire routing number — this is often different from the routing number on a check or used for direct deposit, so ask for the wire number specifically;
the bank’s name and address: Bank of the Federated States of Micronesia, 98 Kaselehlie Street, Kolonia, FM 96941;
from outside the United States, the bank’s SWIFT/BIC code as well.

This site does not publish routing numbers: the official directory is not licensed for republication, and a number copied from a third-party list can be out of date. Get it from the bank’s own website or from the recipient’s statement.

A wire, once sent, is very hard to reverse. Confirm the details by phone with the recipient, using a number you already know, if they arrived by email or text.

What Sending Money Abroad From a US Bank Costs

Bank of the Federated States of Micronesia is not among the banks the World Bank prices, so we do not have its international fees. The large US banks it does price charge this much to send $200 abroad:

Bank of America$45 typical fee22.50%
Chase Bank$50 typical fee25.00%
Citibank$35 typical fee17.50%
Wells Fargo$6 typical fee4.12%

Most of those costs are a flat fee, which is why they look so high on a small amount. Compare banks with transfer services by country, or ask Bank of the Federated States of Micronesia for its own wire fees and exchange rate before you send.

These are the latest prices available: the World Bank’s most recent survey of US providers, collected 22 July 2025 to 10 September 2025. The World Bank has not yet published a newer one.