Frequently Asked Questions
How do SWIFT transfers work?
When you make a SWIFT transfer, your bank sends a SWIFT message to the recipient's bank, indicating the details of the transfer.
This message includes information such as the recipient's name, account number, SWIFT code of the recipient's bank and the amount to be transferred.
Intermediary banks may be involved in the transfer, which may affect the time and cost of the transaction.
Processing time?
SWIFT transfers usually take between 2 and 5 business days, depending on factors such as the number of intermediary banks and the countries involved.
What is the cost?
SWIFT transfers may involve fees from both the sending and receiving banks, as well as intermediary banks.
Advantages of SWIFT transfers?
Wide coverage: The SWIFT network connects thousands of financial institutions around the world.
Security: SWIFT uses robust security protocols to protect transaction information.
Reliability: It is an established and widely used system for international transfers.
Important considerations
Make sure you have the correct recipient information, including the SWIFT code and account number.
Be aware of possible fees and processing time before making a transfer.

