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What Are SWIFT Payments?

SWIFT payments are a type of international transfer sent via the SWIFT international payment network.
The SWIFT international payment network is one of the largest financial messaging systems in the world. TransferWise can send or receive certain currencies via SWIFT payment.

Fees for SWIFT payments

  • Your bank will likely charge a fee to make a SWIFT transfer to TransferWise.
  • Make sure to inform your sending bank that although our account is in Europe, there’s no conversion necessary.
  • When the money is in transit, correspondent banks in between may deduct a handling fee.
  • We cannot deliver Amount Lock Transfers to your recipient. 

Transfer times for SWIFT payments

SWIFT payments usually take 1-3 working days to reach their destination, however it is possible that they can take longer due to circumstances such as time differences between the sending and receiving country.

We also pay out via SWIFT for some currencies, which you can read about here

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