What is SWIFT?
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a key technology in the global financial system, enabling secure messaging between banks and financial institutions worldwide. Through this network, international payments and other financial transactions can be conducted quickly and reliably.
Main Features of SWIFT Payments:
Currency: GBP, USD, AED. SWIFT payments can be made in various currencies. The currency of the payment may be automatically converted to the recipient country’s currency.
If your desired currency is not listed, please contact our support team, and we will check the possibility of making a payment in your preferred currency.
International Reach: SWIFT connects more than 11,000 banks and financial institutions across 200 countries, making it the primary standard for international payments.
Purpose: Transfers between bank accounts, both within a country and internationally.
Processing Time: The standard processing time for a SWIFT payment is 1 to 5 business days, depending on the banks involved and their locations.
Fee: The fee for sending a SWIFT payment is 50 USD plus 1.5% of the total transfer amount.