What is a SWIFT money transfer?

SWIFT payments are a method of making an international money transfer sent by the SWIFT international payment network. It stands for Society for Worldwide Interbank Financial Telecommunication, and is the largest financial messaging systems in world.When making a SWIFT transfer for the purpose of international money transfers, your bank is likely to charge a fee. Also note that when SWIFT money transfers are in transit, you may incur handling fees from corresponding banks. Get in touch with our in-house foreign exchange experts for more information.

Daniel Abrahams