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Transfers from USD: SWIFT

Here's everything you need to know about sending USD via SWIFT. For sending other currencies via SWIFT, or for more information, please see here.

Fees for sending USD via SWIFT

TransferWise supports sending USD to people outside of the U.S. but to do this we need to send your transfer via the SWIFT network.

Because SWIFT incurs additional costs, we will add a fee of $3.20 to your transfer to pay for this. Most banks and other providers charge up to $25 to send a transfer via SWIFT. We’re working hard to keep this additional fee as low as possible for you and hope to drop this further over time.
 
  
Basic Information   Notes
General availability Widely available Transfers in USD from within and outside the US.
Availability from banks Widely available Most banks should support SWIFT payments as it's the standard way to send money abroad.
Time for your money to be cleared to TransferWise 1-3 working days It might take even more time, due to time difference between the sending and receiving countries or multiple intermediary banks involved with delivering your money to us.
Transfer adjustment Yes In case of receiving less money due to intermediary fees, we will adjust transfers up to 500 USD by 10% or 20 USD, whichever comes first. For transfers above 500 USD we adjust by 10% or up to 50 USD, whichever comes first. These rules will only apply for fixed source payments. And for Balance transactions, we will adjust the transfer to the amount has been received, regardless the difference.
 
Required Details    
Recipient's address Yes Must be a residential address and not a PO box address
Your US state and ZIP code (or full address for non-US residents) Yes -
SSN/ID Verification Yes An SSN is requested from every customer sending from the US. Failing this, you will also have the option to provide a US or non-US ID document (except in the case of ITIN's where a non-US document is required). If you do not have an SSN, you will be asked to provide a reason for this.
Limitations    
Transfers from within the US No Your address must be located outside of the US in order to make a SWIFT transfer to our account
Locked amount transfer No Due to unknown intermediate fees, even the fixed rate for 24 hours doesn't guarantee a fixed amount on SWIFT payments
Minimum/Maximum transfer size $4/$1 million  
Transfers to an email address No -
24 hour rate lock Yes For payments from USD, the exchange rate is fixed provided we receive your money within 24 hours from setting up your transfer. As SWIFT payments take time to reach us, most payments via SWIFT are converted at the live mid-market rate that applies after the 24 hour period has passed. 

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